Investment Office Logo

The Scandinavian Monetary Union of 1873

Together with the Latin Monetary Union of 1865, another example of a monetary union that didn't
go quite as planned and ended before its 50th Birthday.
InvestmentOffice, February 2019

"The Scandinavian Monetary Union was a monetary union formed by Denmark and the Swedish part of the Union between Sweden and Norway on 5 May 1873, by fixing their currencies against gold at par to each other. After the dissolution of the Swedish-Norwegian union, in 1905, Norway continued to be a part of this monetary union. The union ended with the outbreak of World War I."

"The Scandinavian Monetary Union was inspired by the Latin Monetary Union, established in 1865, and initiated in 1865 by France, Belgium, Italy, and Switzerland. It too ended with the outbreak of the First World War in 1914."

Source: Wikipedia