Currency of Norway

Norwegian krone (krone) - the national currency of the country, consists of 100 ere (øre). Currently, circulation has coins of 50th Era, 1, 5, 10 and 20 kroons. Banknotes: 50, 100, 200, 500 and 1000 kroons.

The Norwegian koruna rate varies from year to year, depending on the country's economy and fluctuations in oil prices. As of July 2011, it is 52 rubles per 1 kroon.

History

The first coins in Norway appeared even under King Olaf I of Tryggvasson (995-999). However, the real currency of the country, close to modern concepts, was minted in 1626 by the Mint in Cristiania (Oslo). In 1686 the courtyard was moved to Kongsberg, the mine of which fueled the treasury of Norway until 1957, until it was exhausted.

In 1695 the first Norwegian banknotes were issued. And on February 3, 1855, the paper riksdaler riksmint (equal to the 100th era) was also declared a legal tender. June 4, 1873 the Norwegian parliament decided to move to the gold standard. The crown that we know now was introduced by the law of April 17, 1875 in connection with Norway's entry into the Scandinavian monetary union. Before that, the monetary unit was a spexaler.

In 2000, the country's mint was transformed into a limited liability company, and in 2004 changed its name from the "Royal Norwegian Mint" to the "Norwegian Mint". The designation is crossed hammers.