Norwegian Krona - the main currency of Norway

When asked about which currency inNorway to date, then immediately recall the location of this country. If Norway is in Europe, then the currency should be euro. But this is not so. Norway abandoned the single currency of the Old World and continues to maintain its national currency under the name of the Norwegian krone.

What money to take to Norway?

The banking system in this Scandinavian countrydeveloped very well. Even in the smallest town you will have an amazingly simple currency card. There are also no tangible problems with the exchange of currencies. You can do this in any ATM, but the commission charged is quite impressive 5% of the total amount of exchange or at least $ 5. If you listen to people who have already been to Norway, they say that for the first time it's better to take with you some Norwegian kroner, and the rest of the amount is already exchanged there.

About the work of banks in Norway

Some banks in Norway work only inthe first half of the day, but with this inconvenience you will encounter, if you decide to go to some not very touristy area. In tourist areas, the currency of Norway can be purchased and exchanged between 8 am and 11 pm on weekdays. If you intend to purchase Norwegian kroner on a weekend, then it is better to do it until five in the evening, since after that time all the banks are closed. In order to find the most profitable course for yourself, and even with a minimum commission, which does not happen below 2% of the amount of exchange, it is necessary to try very hard. The most favorable conditions for currency exchange in ATMs, which are located in airports or seaports of the country.

What is the monetary value of currency in Norway?

1 Norwegian krone is not the smallestmonetary unit in the country, because there is also an era. 100 eras make up one Norwegian crown. Today in circulation in Norway there are several denominations of coins and notes. Among them - coins in denominations of the 10th and 50th eras, as well as 1, 5, 10 and 20 Norwegian kroner. As for the notes, the greatest value is for a denomination of 1000 EEK. In addition to it, there are also notes of 50, 100 and 500 Norwegian kroner. Plastic cards are very popular both among residents and tourists. They are very easy to handle, if only because almost at every point of the country you will be able to service through a card.

History of the origin of the Norwegian krone

If we talk about the first monetary currency, whichhas appeared in Norway, it should be applied already to the seventh century, when the first coins were used in everyday life. But the national currency of Norway appeared much later, only after ten centuries. In 1626, a mint was created in Oslo, and the country's first money was minted. However, sixty years later, it was decided to transfer the mint to Kongsberg because there was a gold mine. The mint stood in Kongsberg until it was exhausted in 1957. The nineteenth century was marked by a transition to the gold and currency standard, when each released currency of Norway was equated with the gold stock that was available in the treasury of the country. The Norwegian krone itself, with all its inherent properties, was put into circulation in 1875. As for the mint of Norway, in 2000 it was given the status of a limited liability company, and four years later the name "Royal Norwegian Mint" was renamed the "Norwegian Mint".

Currency in Norway. Rate in relation to other currencies

If you look at the exchange rate in relation toNorwegian krone, it can be seen that the country's monetary currency from the Scandinavian peninsula is quite stable and has no sharp leaps. If you track the dynamics of the Norwegian krone to the US dollar, you can see that in the period from 2005 to the present day, the currency of Norway was in the range of 14 to 20 cents. The smallest value falls on 2009. Today, NOK 10 can be purchased for $ 1.54. The dynamics of the Norwegian krone to euro exchange rate is even more stable. For the last 9 years, the lowest value for which 10 kroons could be purchased was 1 euro, and the largest 1.4. Norwegian krone to the euro today is 0.121, that is, for 1.21 euros, you can purchase 10 Norwegian kroner. If against the euro and the dollar the rate of the Norwegian krone is rising, it is falling, relative to the Russian ruble, the currency of Norway has a stable rising trend. So, for example, in 2005 it was possible to purchase 1 Norwegian kroon for 4.5 rubles, and after 9 years it is necessary to pay 6.2 rubles for 1 crown. Thus, the rate of the Norwegian koruna relative to the ruble increased by almost 38%.

Who is pictured on Norwegian banknotes?

On banknotes of the Norwegian currency are representedgreat people of this nation. So, with a banknote, the denomination of which is 50 kroons, Peter Kristen Asbjørnsen, one of the greatest storytellers not only of Norway, but of the whole Old World, looks at us. The monetary note of 100 crowns is crowned with the image of the greatest opera singer named Kirsten Flagstad. Norway is a northern country, and she could not help but thank the people who studied the expanses of the north. That's why a researcher Christian Olaf Bernhard Birkeland flaunts a denomination of 200 kroons. The creator of the famous painting "Scream", Edvard Munch, looks at us from a note in 1000 NOK. Nobel laureate writer Sigret Unset - a symbol of a denomination of NOK 500.