markka

[mahrk-kah]

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.

markka

/ -kə, ˈmɑːkɑː /

noun

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

Word History and Origins

Origin of markka¹

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

Word History and Origins

Origin of markka¹

Finnish. See _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.

Read more on Economist

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

Read more on 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.

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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.”

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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.

Read more on Project Gutenberg