Greenland to get own currency

By NUNATSIAQ NEWS

SIKU CIRCUMPOLAR NEWS

Starting in 2008, Greenland will have its own currency.

This means Greenland will enjoy a privilege that the Faroe Islands, also a self-governing Danish colony, has enjoyed for nearly 60 years.

Anders Fogh Rasmussen, the prime minister of Denmark, and Hans Enoksen, the premier of Greenland, struck an agreement on a new Greenlandic currency in collaboration with Denmark’s national bank.

Greenlanders are to form a working group. This group will look at designs for the currency, which will be made by artists in Greenland, said Torben Nielsen of the Danish national bank.

Josef Motzfeldt, Greenland’s finance minister, told the newspaper Sermitsiaq that Greenland’s new money would be accepted everywhere in the nation.

Since 1949, the Faroe Islands have had their own currency, featuring local designs and the Faroese language.

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