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Norwegian Currency
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The singular form is krone as in en krone/one krone (1.00 NOK/1.00 kr). One krone is 100 øre (singular and plural are the same).
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 most common 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) are printed in many different colors, not green only.
As of March 25, 2020, one US dollar is worth approximately 10.82 NOK; in May of 2021, one U.S. dollar is worth 8.42 NOK - the rate of exchange changes constantly. Right now the U.S. dollar is quite strong against the Norwegian krone.
When I was a little girl, 25 øre would buy you a candy bar, a soda, a ticket to the movies; or a trip on the bus to the nearby town, Åndalsnes. Now, a candy bar will cost about 6 to 7 kroner and a trip on a bus to Åndalsnes will cost at least 25 to 30 kroner. Times and the values of money have changed just like everything else.
Since the monetary exchange rates move up and down quickly, consider contacting a proper source to obtain accurate information on the rate of exchange for your currency.
As of 2020, the Norwegian currency, the Norwegian krone is regarded as the "ultimate safe-haven valuta in the world" according to a banking giant HSBC analyst.
Norway's krone is also among the 10 most traded currencies worldwide.
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