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.
The population of the Faroe Islands as per December 2009 was 48,660. With a population density of 34,5 per square kilometer, the Faroe Islands have the second highest population density of the Nordic countries after Denmark. The Faroese are of Scandinavian origin, descendants of Vikings who came from Norway.