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Norwegian Currency
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In the past, Norway had smaller denominations of banknotes (paper money), such as - 1 kr. (en krone),
5 kr. (fem kroner), 10 kr. (ti kroner) and 20 kr. (tjue kroner). These bills are now out of circulation - and have been replaced with coins.
The paper bill denominations in use in Norway today are:
50.00 NOK, 100.00 NOK, 200.00 NOK, 500.00 NOK and 1,000.00 NOK.
The smallest Norwegian monetary denomination in circulation now is
the 50 øre coin (femtiøring).
The krone was introduced in 1875 when Norway joined the Scandinavian Monetary Union. The coins and banknotes are distributed by the Central Bank of Norway.
In the United States, we talk about "lots of green", meaning money.
The paper bills (money/penger (pronounced pang-heir in Norwegian) come in many different colors, not green only.
As of March 25, 2020, one US dollar is worth approximately 10.82 NOK, but the rate of exchange change constantly. Right now the U.S. dollar is extremely strong.
When I was a little girl, 25 øre would buy you a candy bar, a soda, or a trip on the bus. Now, a candy bar would probably cost 6 to 7 kroner and a trip on a bus to a near-by town would probably cost 25 to 30 kroner. Times have changed.
Since the monetary exchange rates move up and down quickly, consider contacting a proper source to obtain accurate information on the rate of exchange.
As of 2020, the Norwegian krone is regarded as "ultimate safe-haven currency in the world" according to a banking giant HSBC's analyst.
Norway's krone is also among the 10 most traded currencies worldwide.
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