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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.
Norwegian banknotes are circulated, in addition to Norwegian coins, with a denomination of Norwegian kroner, as standard units of currency in Norway. From 1877, after the establishment of the Scandinavian Monetary Union , Norwegian banknotes of 1000, 500, 200, 100, 50, 10 and 5 kroner have been put into circulation.
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
Norwegian penning minted of Olaf Tryggvason (995-1000) [1] The penning was the dominant currency of the Norwegian coin system in the period 995–1387. [1]Minted in Norway by the kings of Norway from Olaf Tryggvason (995-1000) and up to Olaf Haakonsson (1380-1387), it remained as a unit of account in the kingdom until 1513.
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
A crown is a unit of currency used in Norway, Sweden, Denmark (including the Faroe Islands and Greenland), Iceland, and the Czech Republic. Alternative names [ edit ]
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.
The rigsdaler specie was a unit of silver currency used in Norway from 1544, renamed as the speciedaler in 1816 and used until 1873. Norway used a common reichsthaler currency system shared with Denmark, Hamburg and Schleswig-Holstein until 1873 when the gold standard was implemented in Scandinavia and the German Empire.