- The Order of the Crown of Rue (Rauten Krone) was founded as a family order by Frederick Augustus I.
Gulden), and was obliged to coin into twentyor ten-krone pieces all gold brought to it for that purpose.
The unit of the Danish monetarysystem, as of the Swedish and Norwegian, is the krone (crown), equal to is.
See Moller, Geschichte der vormaligen Grafschaft Linen (Lingen, 1874); Herrmann, Die Erwerbung der Stadt and Grafschaft Lingen durch die Krone Preussen (Lingen, 1902); and Schriever, Geschichte des Kreiges Lingen (Lingen, 1905).
Since the closing years of the 19th century the Austro-Hungarian Bank had pursued a policy which had in the main the object of making the Austrian krone a gold exchange standard.
The suspension of cash payment by the Austro-Hungarian Bank was continued, but the bank was bound to provide, by every means at its disposal, that the value of its notes as quoted on foreign bourses should be permanently secured in proportion to the parity of the legal mint standard of the krone currency.
The system is decimal; thus 100 pfcnnige = I mark, 1000 pfennige = the gold krone (or crown), and Id.
The first step towards putting this act into practice was the issue of one-krone pieces (silver), which circulated as half gulden, and of nickel coins; all the copper coins and other silver coins were recalled, the silver gulden alone being left in circulation.
It paid them, however, not in gold, but in silver (one-krone pieces and gulden) and in bank notes, the coins and notes being provided by the bank, and in exchange the newly-coined gold was paid to the bank to be kept as a reserve to cover the issue of notes.
Then from 1st January 1900 the old reckoning by gulden was superseded, that by krone being introduced in all government accounts, the new silver being made a legal tender only for a limited amount.