The Norwegian Krone is currency of Norway.The currency code for Kroner is NOK, and the currency symbol is kr.plural kroner, is the currency of Norway and its dependent territories. It is subdivided into 100 re, which exist only electronically since 2012. The name translates into English as crown. The most popular Norway Krone exchange rate naturally is the NOK to EUR rate. The krone was the thirteenth most traded currency in the world by value in April 2010, down three positions from 2007
Currency Facts
| NOK Stats | NOK Profile |
| Name :Norwegian Krone | Central Bank :Norges Bank Website: http://www.norges-bank.no/en/ |
| Symbol :kr | Coins :Freq Used :kr1, kr5, kr10, kr20 |
| Minor Unit : 1/100 = re | Banknotes : Freq Used : kr50, kr100, kr200, kr500, kr1000 |
| Top LKR Conversion:NOK/EUR | Users :Norway, Bouvet Island, Svalbard, Jan Mayen, Queen Maud land, Peter Island |
Norwegian Krone History
Norway like Denmark had the as the main form of currency until 1816. During this time, Danish currencyalso circulated in Norway, as the two countries were in a political union. In 1816, the modern central bank of Norway, Norges Bank, was established and the monetary unit was changed to Speciedaler. The currency got devalued in 1830 and was then pegged to silver on a fixed basis. In 1875, Norway joined the Scandinavian Monetary Union (SMU) and adopted the Krone as its official currency. The union lasted until 1914, though all the countries kept their respective currencies afterwards. The Norwegian Krone moved on and off of a gold standard and was also pegged to a number of different currencies at various rates.
