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 ?
This "pro forma" net loss includes an unrealized foreign exchange loss of approximately C$800,000 (2000 - C$nil) on Norwegian kroner held at June 30, 2001, which has been restored subsequent to year-end because of a reversal in the Norwegian krone/Canadian dollar exchange rate.
UBN reported total assets of Norwegian kroner (NKr) 196 billion ($23.
Norwegian shareholders will have the option to receive cash payment in Norwegian kroner.
The OBX is composed of the 25 most heavily traded stocks on the Oslo Stock Exchange, as measured in total Norwegian kroner volume.
BBS/Bank-Axept, with 550 employees and an annual turnover of over one billion Norwegian kroner, is one of Norway's largest IT-based companies.
As compensation, Norsk Hydro will pay 1,225 million Norwegian kroner (NOK) (about $200 million) to the government.
Norsk Hydro's net gain on the sale is estimated at 50 million Norwegian kroner (NOK).

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