norwegian-krone

The krone or kroner in plural is the official currency of Norway. Its ISO 4217 code is NOK and its symbol is kr. Its subunit is called the øre. The name of currency, when translated to English, is called “crown.” It was introduced to Norway in 1875 which replaced its currency at that time, the Norwegian speciedaler. It is the result of Norway joining the Scandinavian Monetary Union which was established in 1873 (Norway joined two years later) but persisted only until the World War I. In the union, the name of the currency is krone, for Denmark and Norway, and krona for Sweden. After the dissolution of the monetary union, Norway, together with Denmark and Sweden, kept the names of their currencies.

The Norwegian krone is divided into 100 øre. The coins were introduced to Norway in 1874 and some coins in 1875. Sometime between 1875 and 1878, new coins were introduced. The denominations consisted of bronze, silver, and gold coins. Bronze composed the 1, 2, and 5 øre, silver composed the 10, 25 and 50 øre along with 1 and 2 kroner, and gold composed the 10 and 20 kroner. The 2 kroner coins were last issued on 1917. Production of 1 and 2 øre was ceased in 1972, 5 and 25 øre in 1982, and 10 øre coins in 1992.