Search results
Results from the WOW.Com Content Network
History. From 1877, after the establishment of the Scandinavian Monetary Union, and until the present day, Norwegian banknotes have included 1000, 500, 100, and 50 kroner notes. In 1994 the first 200 kroner note was issued. 5 and 10 kroner notes were also used from 1877, but these were replaced by coins in 1963 and 1983 respectively.
The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. [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.
The Icelandic currency is a low-volume world currency, strongly managed by its central bank. Its value in terms of other currencies has historically been swift to change, for example against the US and Canadian dollars, and the other Nordic currencies (Swedish krona, Norwegian krone, Danish krone), and the euro. For example, during the first ...
Iceland. Norway. Sweden. v. t. e. The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the krone/krona, based on the gold standard. It was one of the few tangible results of the Scandinavian political movement of the 19th century.
The overall design is reminiscent of Deutsche Mark banknotes of the fourth series. The first series of notes was dated 31 October 1993. The 5, 10 and 20 kuna notes from this series were withdrawn on 1 April 2007, and the 50, 100 and 200 kuna notes were withdrawn on 1 January 2010, but remain exchangeable at the HNB in Zagreb.
To honor the new king, sets of high values from 1 to 5 Kroner were issued for Haakon VII from 1907–1933, based on an official portrait by artist Halfdan Wiberg. [ 5 ] The first Commemorative issue was released 10 May 1914 to honor the 100th anniversary of Norway's Constitution, 17 May 1814.
Note: The Belarusian rouble is pegged to the euro, Russian rouble and US dollar in a currency basket. Outside the eurozone, two EU member states have currencies that are pegged to the euro, which is a precondition to joining the eurozone. The Danish krone and Bulgarian lev are pegged due to their participation in the ERM II.
The new 100-krone and 200-krone banknotes were put into circulation on 30 May 2017, while the 50-krone and 500-krone banknotes are expected to come into circulation by the end of 2019. Lastly, the 1000-krone banknote is planned to enter circulation in the course of autumn 2019.