NOK – Norwegian Krone

Sign – kr / Code – NOK

Long before our corporate currency exchange brokers were helping our clients with their Norwegian Krone transfers, the Norwegian Krone was creating its own rich history.

About the Norwegian Krone

The Norwegian Krone was introduced in 1845, replacing the Speciedaler, after Norway joined the Scandinavian Monetary Union and adopted the Krone. Although the union dissolved in 1914, Norway kept the currency.

The Krone has moved on and off the gold standard and has been pegged to a number of currencies including the Pound, Dollar and Reichsmark.

Despite their geographical distance, the 20 Norwegian Krone coin bears a marked resemblance to the 10 Syrian Pound coin. As a result, the Syrian coin has been used to trick many Norwegian coin-operated machines. Machines cannot tell the difference between the two coins as they are almost identical in weight and in size. 

The Norwegian Krone is also employed on Bouvet Island, Svalbard, Peter I Island and Queen Maud Land. The currency is also casually accepted in Finnish and Swedish towns which are close to the Norwegian border. 

Denominations

Subunit: Øre – 1/100

Coins: 1 kr, 5 kr, 10 kr, 20 kr

Banknotes: 50 kr, 100 kr, 200 kr, 500 kr, 1000 kr

Bank: Norges Bank