Norwegian Krone (NOK)

About About the Norwegian Krone

The Norwegian “krone” (plural: kroner) is the official currency used in the country of Norway as well as its external territories Bouvet Island, Queen Maud Land, and Peter I Island. Its official currency code (ISO) is “NOK” and it is symbolized by “kr”. The primary denominations include a 50 øre coin; 1, 2, 5, 10, 20, kroner coins (1 krone = 100 øre); and 50, 100, 200, 500, and 1000 kroner paper bank notes. In Denmark, decimal numbers are denoted using a comma (e.g. 1,50). The krone has a floating exchange rate and its value is often seen as being dependent on commodity prices (Norways’s largest export).

Central Bank: Bank of Norway

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