Banknotes of Finland Finnish markka
The markka (Finnish) or mark (Swedish) was the currency of Finland from 1860 until February 28, 2002, when it ceased to be legal tender and was replaced by the euro (€), introduced on January 1. The currency code used for the markka was FIM, and the usual familiar notation was the postfix mk. It was divided into 100 penniä (pl. part. Finnish) or penni (Swedish). The conversion for one euro was markka to the euro. The markka was introduced in 1860 by the Bank of Finland, replacing the Russian ruble at a rate of four markka equal to one ruble. In 1865 the markka was separated from the Russian ruble and tied to the value of silver. After Finland gained independence in 1917 the currency was backed by gold. The gold standard was abolished in 1940, and the markka suffered heavy inflation during the war years. In 1963 the markka was replaced by the new markka, equivalent to 100 old units.
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