Content deleted Content added
update |
rearranged |
||
Line 8:
| iso_number = 578
| iso_exponent = 2
| using_countries = {{
| inflation_rate = 5.4% (April 2022)
| inflation_source_date = [https://www.norges-bank.no/tema/Statistikk/Indikatorer-for-prisvekst/ Norges bank]
Line 27:
}}
The '''Norwegian krone''' ({{IPA-no|ˈkrûːnə|}}, [[currency sign|sign]]: '''kr'''; [[ISO 4217|code]]: '''NOK'''), plural ''kroner'', is the official [[currency]] of the [[Kingdom of Norway]] (including [[Svalbard]]). It is subdivided into 100 ''[[øre]]'', which have existed only electronically since 2012. The name translates into [[English language|English]] as '''[[Crown (currency)|crown]]'''.
The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007.<ref>[http://www.bis.org/publ/rpfxf10t.pdf Bank for International Settlements: Triennial Central Bank Survey] p. 12</ref>
<!--As Norway is replacing the notes from 2017 to 2020 (100 and 200 from 2017 and 50 and 500 from 2018 and 1000 from 2019) please use pictures of the new notes-->
The Norwegian krone is also informally accepted in many shops in [[Sweden]] and [[Finland]] that are close to the Norwegian border, and also in some shops in the Danish ferry ports of [[Hirtshals]] and [[Frederikshavn]]. Norwegians spent 14.1 billion NOK on [[border trade|border shopping]] in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though it is seldom done on impulse. Money is spent mainly on food articles, alcohol and tobacco, in that order, usually in bulk or large quantities. This is due to considerably higher taxes and fees on tobacco and alcohol purchased domestically in Norway.<ref>{{Cite web|url=http://www.ssb.no/varehandel-og-tjenesteyting/artikler-og-publikasjoner/mest-mat-i-handlekurven|title=Mest mat i handlekurven |publisher=ssb.no |language=nb-NO|access-date=2016-04-12}}</ref><ref>{{Cite web|url=http://www.ssb.no/en/varehandel-og-tjenesteyting/statistikker/grensehandel|title=NOK 14.1 billion in cross border trade |publisher=ssb.no |language=en-GB|access-date=2016-04-12}}</ref>
== History ==
Line 42 ⟶ 44:
In December 1992, the [[Norges Bank|Central Bank of Norway]] abandoned the fixed exchange rate system in favor of [[floating exchange rate]]s (managed float) due to the heavy speculation against the Norwegian currency in the early 1990s, which lost{{Clarify|date=January 2015}} the central bank around two billion kroner in defensive purchases of the NOK through usage of foreign currency reserves for a relatively short period of time.
===Summary of denominations issued===
{| class="wikitable"
|-
! rowspan="2" | Denomination || colspan="3" | Notes || colspan="3" | Coins
|-
! Printed || Invalid || Comments || Minted || Invalid || Comments
|-
| 1 øre || colspan="3" | — || 1876–1972 || 1988
| style="text-align:left;"| Bronze, iron 1918–1921 & 1941–1945
|-
| 2 øre || colspan="3" | — || 1876–1972 || 1988
| style="text-align:left;"| Bronze, iron 1917–1920 & 1943–1945
|-
| 5 øre || colspan="3" | — || 1875–1982 || 1988
| style="text-align:left;"| Bronze, iron 1917–1920 & 1941–1945
|-
| 10 øre || colspan="3" | — || 1874–1991 || 2003
| style="text-align:left;"| Silver 1874–1919, cupro-nickel 1920–92 (holed 1924–51), zinc 1941–1945
|-
| 25 øre || colspan="3" | — || 1876–1982 || 1988
| style="text-align:left;"| Silver 1876–1919, cupro-nickel 1921–82 (holed 1921–50), zinc 1943–1945
|-
| 50 øre || colspan="3" | — || 1874–2012 || 2012
| style="text-align:left;"| Silver 1874–1919, cupro-nickel 1920–96 (holed 1920–49), zinc 1941–1945, bronze 1996–2012
|-
| 1 krone
| 1917–1925<br/>1940–1950 || 1926<br/>1999
| style="text-align:left;"| War time "coin notes" || 1875– || —
| style="text-align:left;"| Silver 1875–1917, cupro-nickel 1925– (holed 1925–1951, 1997–)
|-
| 2 kroner
| 1918–1925<br/>1940–1950
| 1926<br/>1999 || style="text-align:left;"| War time "coin notes"
| 1876–1917 || 1922 || style="text-align:left;"| Silver 1878–1917
|-
| 5 kroner
| 1877–1963 || 1999 || style="text-align:left;"| Replaced by coin 1963
| 1963– || — || style="text-align:left;"| Cupro-nickel (holed 1998–)
|-
| 10 kroner
| 1877–1984 || 1999 || style="text-align:left;"| Replaced by coin 1984
| 1983– || — || style="text-align:left;"| Nickel-brass
|-
| 20 kroner || colspan="3" | —
| 1994– || — || style="text-align:left;"| Nickel-brass
|-
| 50 kroner || 1877– || — || || colspan="3" | —
|-
| 100 kroner || 1877– || — || || colspan="3" | —
|-
| 200 kroner || 1994– || — || || colspan="3" | —
|-
| 500 kroner || 1877– || — || || colspan="3" | —
|-
| 1000 kroner || 1877– || — || || colspan="3" | —
|}
'''Sources:'''<ref>{{Cite web|url=https://www.norges-bank.no/en/topics/notes-and-coins/|title=Notes and coins|website=www.norges-bank.no}}</ref><ref>{{Cite web|url=https://www.dokpro.uio.no/umk_eng/nominal/krone.html|title=Kroner og øre|website=www.dokpro.uio.no}}</ref><ref>{{Cite web|url=https://www.skanfil.no/info?id=353&Shop=True|title=Felles nettbutikk for Mynt & Seddel og Skanfil|website=www.skanfil.no}}</ref><ref>{{Cite web|url=https://www.numisma.no/shop/|title=Numisma Mynthandel|website=www.numisma.no}}</ref><ref>{{Cite web|url=https://lovdata.no/artikkel/50-oringen_snart_historie/227|title=50-øringen snart historie - Lovdata|website=lovdata.no}}</ref>
==Coins==
Line 190 ⟶ 251:
|colspan="10"|{{Standard banknote table notice|standard_scale=Y|AmE=Y}}
|}
== Exchange rates ==
Line 261 ⟶ 263:
{{Exchange rate|NOK|SEK|DKK|EUR|JPY|USD|header=h3}}
== See also ==
| |||