Norwegian Krone is the national currency of Norway. It started to circulate in 1875 and is now regulated by the Norwegian central bank. NOK has proven to be a stable currency. However, when it comes to its fluctuations, they can be caused by an increase or decrease in the global prices of crude oil since Norway is a leading exporter of this natural resource in Europe. Norwegian Krone usually attracts more traders’ attention when the euro is expected to decline in price or there is market uncertainty about its further movements.
NOK stands for Norwegian Krone and is the official currency of Norway. 1 NOK consists of 100 øre, the currency symbol is “kr”. Norwegian Krone is regulated by the country’s central bank called the Norges Bank. Since Norway can boast of being one of the most developed economies in Europe, its currency is considered quite stable and attractive to investors.
5, 10, 50, 100, 200, 500, 1000 (rarely used)
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