Finnish markka

Finnish markka
1 Mk, 1983
ISO 4217
CodeFIM
Unit
Pluralmarkkaa (Finnish partitive sg.)
mark (Swedish)
SymbolMk
Denominations
Subunit
1100penni
Plural
 pennipenniä (Finnish partitive sg.)
penni (Swedish)
Symbol
 pennip
Banknotes
 Freq. used10 Mk, 20 Mk, 50 Mk, 100 Mk, 500 Mk
 Rarely used1000 Mk
Coins
 Freq. used10p, 50p, 1 Mk, 5 Mk, 10 Mk
 Rarely used1p (until 1979), 5p and 20p (until 1990)
Demographics
Date of introduction1860
ReplacedRuble
Replaced byEuro
User(s)None, previously:
Issuance
Central bankBank of Finland
 Websitewww.suomenpankki.fi/en/
Valuation
Inflation1.3%
 SourceCIA World Factbook 2001
EU Exchange Rate Mechanism (ERM)
Since14 October 1996
Fixed rate since31 December 1998
Replaced by euro, non cash1 January 1999
Replaced by euro, cash1 March 2002
1 € =5.94573 Mk
This infobox shows the latest status before this currency was rendered obsolete.

The markka (alternatively mark or Finnmark; Finnish: markka; Swedish: mark; sign: Mk; ISO code: FIM) was the currency of Finland from 1860 until 28 February 2002, when 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 March 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.


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