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In the past, Norway had smaller denominations of banknotes (paper money), such as - 1 kr. (en krone), ![]() The paper bill denominations in use in Norway today are: The smallest Norwegian monetary denomination in circulation now is 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. 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.
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