Norwegian Krone


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Norwegian Krone

The currency of Norway. Originally issued in 1875 when Norway joined the (now defunct) Scandinavian Monetary Union, it was a gold standard currency, off and on, until it became pegged to the British pound in 1931. After World War II, it maintained its peg to the pound, which was itself pegged to the U.S. dollar. It was later pegged to the dollar directly. In 1992, it became a floating currency.
References in periodicals archive ?
The combination of a weak Norwegian Krone (NOK), the delayed approval from the U.
NBF Wealth Management s new multi-currency trading account permits investment transactions in the following currencies: euro, British pound, Swiss franc, Norwegian krone, Swedish krona, Mexican peso, Australian dollar, Hong Kong dollar, Japanese yen, and the Singapore dollar.
16 /PRNewswire/ -- Profits after loan losses and taxes for Den norske Bank Group in the first half of 1994 totalled Norwegian krone (NOK) 1,471 million, as against NOK 204 million in the first half of last year.
Furthermore, the profit has also been affected by a weaker Norwegian krone.
23 percent ownership position in Arcade Drilling AS consisting of 49,945,093 shares for Norwegian Krone 6.
RB will buy from Arcade Shipping AS certain marketable securities at book value of Norwegian Krone 18,260,000 approximately $2.
CLS Bank links to the Real Time Gross Settlement systems operated by Central Banks in eleven currencies (US Dollar, Euro, UK Sterling, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swedish Krona, Danish Krone, Norwegian Krone and the Singapore Dollar).
OSLO, Norway, April 14 /PRNewswire/ -- On Wednesday, April 13, 1994, the Annual General Meeting of Den norske Bank resolved to authorize the Board of Directors to implement a share capital increase of up to Norwegian Krone (NOK) 640 million.
Following regulatory approval, the Danish Krone, Norwegian Krone, Singapore Dollar and Swedish Krona have been designated as CLS Bank eligible currencies by the CLS Bank Board of Directors.

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