Short description
Danmarks Nationalbank is the central bank of Denmark. Danmarks Nationalbank's purpose is to ensure stable prices, safe payments and a stable financial system. Danmarks Nationalbank is the sole issuing Authority of banknotes and coins in Denmark, the Faroe Islands and Greenland. Since Danmarks Nationalbank closed the in-house production of coins by end of 2016 Danmarks Nationalbank has had a 4 year contract with an external coin supplier. This contract will end during the first half of 2020. Though the need for cash in Denmark is decreasing there is still a need for coins. Danmarks Nationalbank has decided to tender for an external coin supplier for 4 years. The monetary unit is the Danish krone, which is divided into 100 øre. The current denominations of Danish circulation coins are: 50 øre, 1, 2, 5, 10 and 20 kroner.