Introduction of Finnish markka

The markka was the currency of Finland from 1860 until it was replaced by the euro in 2002. It was introduced while Finland was a Grand Duchy within the Russian Empire, and was at first linked to the silver rouble, giving the country a monetary system of its own. After Finland became independent in 1917, it kept the currency, which was divided into 100 pennia. The value of the markka was reduced several times, including through devaluations in the twentieth century, and a new markka was introduced in 1963 at a rate of 100 old markkas. Finland joined the euro in its first group of countries in 1999, and markka coins and notes were withdrawn in early 2002.

Open on the timeline