markka

American  

[mahrk-kah] / ˈmɑrk kɑ /

noun

plural

markkaa

1. a cupronickel or bronze coin and monetary unit of Finland until the euro was adopted, equal to 100 pennia; finmark. F.Mk., M.

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markka British  

/ -kə, ˈmɑːkɑː /

noun

1. the former standard monetary unit of Finland, divided into 100 penniä; replaced by the euro in 2002

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Etymology

Origin of markka

1900–05; < Finnish < German Mark; mark ²

Example Sentences

Had the country retained its own currency, the long, hard adjustment that it is now seeking to achieve by lowering domestic costs could have been attained much more easily by allowing the markka to depreciate.

From Economist

If Finland still had its old currency, the markka, it would have fallen in value on international markets.

From New York Times

Another major advantage for Finnish businesses has been the lower cost of raising debt from financial markets now than when it had its own currency, the markka.

From Reuters

Soini, who has said Greece should be allowed to default and talks openly of reintroducing the Finnish markka, conceded defeat, saying he wasn’t “disappointed.”

From BusinessWeek

Ongoing speculation   resulting from a lack of confidence in the government's policies forced   Helsinki to devalue the markka by about 12% in November 1991 and to   indefinitely break the link in September 1992.

From Project Gutenberg