markka


Also found in: Thesaurus, Financial, Wikipedia.

mark·ka

 (mär′kä′)
n.
The primary unit of currency in Finland before the adoption of the euro.

[Finnish, from Swedish mark, a mark of money; see merg- in Indo-European roots.]

markka

(ˈmɑːkɑː; -kə)
n, pl -kaa (-kɑː)
(Currencies) the former standard monetary unit of Finland, divided into 100 penniä; replaced by the euro in 2002
[Finnish. See mark2]

mark•ka

(ˈmɑrk kɑ)

n., pl. -kaa (-kä).
the basic currency of Finland, which has a fixed value relative to the euro.
[1900–05; < Finnish < German; see mark2]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.markka - formerly the basic unit of money in Finlandmarkka - formerly the basic unit of money in Finland
Finnish monetary unit - monetary unit in Finland
penni - 100 pennia formerly equaled 1 markka in Finland
References in periodicals archive ?
In which country was the markka replaced by the euro in 2002?
This work, together with Heinonens earlier books, Viimeiset markat (The last markka banknotes) and Ensimmiset eurot (The first euros), covers the banknote history of the entire period of independence.
As the unemployment rate climbs towards 10 percent, many Finns yearn for the pre-1990s times when it could devaluate the markka time and again to improve export competitiveness.
Reflecting views prevalent within the Bank of Finland, the commission proposed that floating the markka should be considered as an alternative to EMU membership.
Imports into Finland rose along with exports after the depreciation of the markka.
But they haven't gone so far as to demand a return to the markka, the currency that was legal tender until 2002, when all payments switched to euros.
Another poll in tabloid Ilta-Sanomat showed the number of Finns who think abandoning the markka for the euro was a mistake fell to 32 percent in May from 37 percent in December.
Bridal registry and program attendants were Brandi Jo Burcham, cousin of the bride, Jessica Chase Johnson, Markka Shea Prichard, Genie Alice Causey, Julie Brooke Jones, and Toni Nichole Crabb.
Both countries adopted a fixed-exchange-rate regime in this period: Both the Finnish markka and the Swedish krona were pegged to a basket of foreign currencies.
After the revaluation of the markka in 1989, statistics showed that in terms Of GDP per capita (uncorrected for differences in domestic price levels), Finland was among the leading countries in the world.
Whenever necessary, the state intervened in the economy and helped the export industry with huge devaluations of the markka, the Finnish currency.
An important circumstance that contributed to the social upheaval during the 1860s was the fact that Finland, at that time an autonomous part of the Russian empire, had by the Czar been granted the right to issue its own currency, the silver Markka.