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Want to know the local currency in Greenland? The money used in Greenland is called .

The is issued and managed by the . To find out the current currency exchange rates for to other major currencies of the world, click on foreign currency rates.

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The currency used in Greenland is called as the . This currency is denoted with the currency sign and the ISO 4217 Code for the is . The , is the official currency of the Greenland . It is divided into 100 smaller units called .

The constitution of Greenland provides that the Greenland government shall have the power to print the and coins to be used as a legal tender in Greenland. The bank notes and coins are both designated as "legal tender" in payment of debts.

The bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the .

Currently printed bank notes denominations are and the coins are minted in the denominations of .

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How Does Balance of Trade and Investment Affect the Value of the
Financial analysts regularly cite the balance of trade and investment in Greenland as the most important influence on the value of the . The difference between what the Greenland exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the .

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