As a self-governing region of the Kingdom of Denmark, the Faroese government prints its own currency, the króna, although Danish coins are used. The exchange value is equivalent to the Danish krone, and there is no service charge on exchange, as Danish notes are equally acceptable as the Faroese króna throughout the country.
The education system is entirely under the control of the local government, although it was only nationalized in 1979, and is historically and culturally influenced strongly by the Danish education system.
Culture of the Faroe Islands has its roots in the Nordic culture. The Faroe Islands were long isolated from the main cultural phases and movements that swept across parts of Europe.