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[1] The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly ...
During World War I and World War II and their aftermaths of 1917–1925 and 1940–1950, there was a shortage of change, so 1 krone and 2 kroner notes were printed as "coin notes". The World War I edition was rendered invalid in 1926, whereas the World War II edition technically remained legal tender until 1999.
"The Scandinavian currency union 1875–1914." in Jaime Reis, ed., International Monetary Systems in Historical Perspective (Palgrave Macmillan UK, 1995). pp. 91–112. Øksendal, Lars Fredrik. "The impact of the Scandinavian Monetary Union on financial market integration." Financial History Review 14#2 (2007): 125–148.
His fortune in 2009 was estimated at NOK 5.5 billion (approximately 900 million USD). [1] In 2018 his fortune is believed to have grown to NOK 10 billion, and Støle is relocating to Switzerland. [2] He was educated at the Norwegian School of Economics; he graduated in 1983. [3]
The history of the central bank of Norway can be traced back to 1816, when, two years after the separation from Denmark and the union with Sweden, Norges Bank was established by an Act of the Storting (the Norwegian parliament) on 14 June.
A new coinage was introduced in 1819, consisting of copper 1 and 2 skilling and silver 8 and 24 skilling, 1 ⁄ 2 and 1 specidaler. Silver 2 and 4 skilling coins were introduced in 1825, followed by copper 1 ⁄ 2 skilling pieces in 1839, silver 12 skilling in 1845 and silver 3 skilling in 1868. It was made out of Iron.
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A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars.