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 ?
Norwegian banks will benefit from a significant risk reduction following the inclusion of the Norwegian krone in the CLS system.
At half-year 2002, the group reported further losses totaling Norwegian krone 1.
Although current capital of Norwegian krone (Nkr) 250 million ($32.

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