Your Ultimate Guide to Currency in Greenland: All You Need to Know

Are you planning to visit the striking icy landscapes of Greenland? One of the most important factors you may need to consider before travelling is what currency is used in Greenland. Let’s explore the topic in detail!

Greenland: A Brief Introduction

Greenland is the world’s largest island, located between the Arctic and Atlantic oceans. It is a vast remote landmass, sparsely populated by only 56,000 people, mostly Inuit. Greenland is a Danish territory and has been granted autonomy since 2009. Greenlandic and Danish are the official languages of Greenland.

What Currency Is Used In Greenland?

The official currency of Greenland is Danish krone (DKK), the same currency used in Denmark. Denmark’s central bank, Danmarks Nationalbank, is responsible for issuing the DKK. However, Greenland is allowed to issue its own banknotes and coins, although they remain pegged to the DKK.

You can use DKK for all purchases in Greenland, including accommodation, transport, food, and other activities. It is advisable to carry sufficient cash with you, as most places accept only cash. Credit or debit cards are not widely accepted, except in large cities and towns.

If you are a visitor from outside Denmark or Greenland, you can exchange foreign currency for DKK at banks, exchange booths, and some hotels. Banks in Greenland operate on weekdays from Monday to Friday and may be closed during public holidays.

Alternative Payment Methods

Aside from cash and credit cards, some places allow payment through mobile payment applications such as MobilePay. MobilePay is a Danish mobile payment system that allows users to transfer money using their mobile phones. It is a widely used payment method in Denmark and is gradually gaining popularity in Greenland.

Another alternative payment method is VISA Electron card. VISA Electron is a debit card that can be used in most ATMs in Greenland, as well as some shops and restaurants. However, it is worth noting that VISA Electron cards have some limitations, such as transaction limits and restricted international use.

Currency Exchange Rates

It is always a good idea to keep track of the exchange rates when travelling to a new country. The exchange rates in Greenland are similar to those in Denmark, as the currency is the same. The exchange rate usually hovers around 6 DKK for 1 USD and 7 DKK for 1 EUR. However, exchange rates may vary depending on the exchange booth or bank you use, so it is always advisable to compare exchange rates and select the best one.

Conclusion

Greenland is a fascinating destination with a unique culture and breathtaking landscapes. The official currency used in Greenland is Danish krone (DKK), and it is advisable to carry sufficient cash with you. Credit cards and mobile payment applications like MobilePay are not widely accepted, and VISA Electron cards may have some limitations. Exchange rates in Greenland are similar to those in Denmark, but it is essential to compare exchange rates to get the best deal.

If you are planning to visit Greenland, we hope this article has provided you with valuable information regarding what currency is used in Greenland. Safe travels!