Finnish markka
Sign in to savecurrency of Finland in 1860–2002
Key facts
- 1
- 5.94573 mk
- Code
- FIM
- Plural
- markkaa ( Finnish partitive sg.), mark ( Swedish )
- Symbol
- mk
- 1 100
- penni
- Penni
- penniä ( Finnish partitive sg.) , penni ( Swedish )
- Freq used
- 20 mk, 50 mk, 100 mk, 500 mk
- Rarely used
- 1000 mk
- Replaced
- Ruble and Riksdaler
- Replaced by
- Euro
- User s
- Grand Duchy of Finland (1860–1917) Republic of Finland (1917–2002)
- Central bank
- Bank of Finland
- Website
- www .suomenpankki .fi /en /
- Inflation
- 1.3%
- Source
- CIA World Factbook 2001
- Since
- 14 October 1996
- Fixed rate since
- 31 December 1998
- Replaced by euro non cash
- 1 January 1999
via Wikipedia infobox
Article
The markka (Finnish: markka; Swedish: mark; sign: mk; ISO code: FIM), also known as the Finnish mark, was the currency of Finland from 1860 until 28 February 2002, when Finland adopted the euro, and it ceased to be legal tender. The markka was divided into 100 pennies (Finnish: penni; Swedish: penni), abbreviated as "p". At the point of conversion, the rate was fixed at €1 = 5.94573 mk.
The markka was replaced by the euro (€), which had been introduced, in cash form, on 1 January 2002. This was after a transitional period of three years, when the euro was the official currency but only existed as "book money" outside of the monetary base. The dual circulation period, when both the markka and the euro had legal tender status, ended on 28 February 2002.