In a speech on 'A common currency or separate currencies?' given on 25 May, Bodil Nyboe Andersen of the National Bank of Denmark said monetary and foreign-exchange issues should therefore be approached with caution by the authorities. If a change is to be made, there must be an exact plan for the whole process and for how the currency will be anchored, that means how the value of the money will be protected under the new regime.

If a decision is made for the Faroe Islands (or Greenland) to have