Currency
Currency of Norway - Norwegian Krone
The krone is the official currency of Norway. The plural of krone is kroner. Each krone is worth 100 Øre. There is no plural for this; the plural and singular are exactly the same. The international code for the krone is NOK but it is commonly abbreviated to kr. In English, krone means crown.
History of the Krone
The krone has been in circulation since 1875. At this point Norway became part of the Scandinavian Monetary Union that had only been formed to in 1873. This union lasted until 1914 and then it was dissolved however Norway, Denmark, and Sweden decided that they would all keep the name krone.
Coins for the Øre are only issued in the form of a 50 Øre. Kroner are issued as a 1 krone, 2 kroner coin, 5 kroner coin, 10 kroner coin, and a 20 kroner coin. Notes are issued in the form of a 50 kroner note, 100 kr, 200 kr, 500 kr and 1000 kr note.
The krone tends to be quite strong as a currency and indeed from 2005 it has successively been strong vis a vis the United States Dollar.
However, this makes it quite an expensive place to visit and prices in Norway tend to be quite high, so this has resulted in many people finding that Norway is simply out of their price range for a holiday, which is a shame because it really is a wonderful country to visit.
The krone is the official currency of Norway. The plural of krone is kroner. Each krone is worth 100 Øre. There is no plural for this; the plural and singular are exactly the same. The international code for the krone is NOK but it is commonly abbreviated to kr. In English, krone means crown.
History of the Krone
The krone has been in circulation since 1875. At this point Norway became part of the Scandinavian Monetary Union that had only been formed to in 1873. This union lasted until 1914 and then it was dissolved however Norway, Denmark, and Sweden decided that they would all keep the name krone.
Coins for the Øre are only issued in the form of a 50 Øre. Kroner are issued as a 1 krone, 2 kroner coin, 5 kroner coin, 10 kroner coin, and a 20 kroner coin. Notes are issued in the form of a 50 kroner note, 100 kr, 200 kr, 500 kr and 1000 kr note.
The krone tends to be quite strong as a currency and indeed from 2005 it has successively been strong vis a vis the United States Dollar.
However, this makes it quite an expensive place to visit and prices in Norway tend to be quite high, so this has resulted in many people finding that Norway is simply out of their price range for a holiday, which is a shame because it really is a wonderful country to visit.
