The apps allow you to pay bills with a face identification, electronic signature or a one-time code. Most banks in Norway come with a mobile banking app, making it easier than ever to track income and expenditure. Vipps also allows you to send money to friends, all you need for this is their name and mobile phone number – or if you have them saved in the app, it takes only a couple of clicks. The app takes the stress away from things like splitting bills at restaurants and bars, with the facility to split it evenly between a group. It’s the country’s leading mobile payment solution app that makes it super easy to pay for goods and services. Vipps is just one of a number of must-have apps in Norway. It adds a super modern, and somewhat daring, fresh look to each. On the reverse of each note is the same image captured in bit art (a pixelated image). And finally, the 1,000-kroner note is purple, with a powerful wave out at sea – “the sea that carries us forward”.The 500-kroner pictures a rescue vessel (RS 14 Stavanger), signalling that “the sea that gives us prosperity” (oil and gas wealth).The 200-kroner has a cod fish design – “the sea that feeds us”.The 100-kroner has an image of the famous Gokstad ship, representing “the sea that takes us out into the world”.The 50-kroner note depicts Ulvær Lighthouse and signifies “the sea that binds us together”.Each celebrates the Norway’s long history and affinity with the sea: Perhaps because Norges Bank knows that physical money will be obsolete in the near future, it’s given them some freedom in terms of the design of the new notes. They were launched in 2019, and maybe I’m biased but, Norway surely has the coolest notes in the world. My favourite thing about Norwegian money is the new banknotes. But if you pay with a credit or debit card, you will be charged exactly 9,50. It is now only used in the quotation of prices and in shops and online.įor example, if you pay 9,50 in a grocery store with a 10 krone coin, you get no change. Since 2012, it has existed only electronically. Read more: Send Money Between the US and Norwayġ NOK contains 100 øre, in the same way the euro has cents or the pound pennies. The Norwegian krone, or to use its abbreviated sign/code NOK, is used freely in the country and its dependent territories. Norway is one of several countries that uses a currency that literally translates as “crown”. As of 2019, the Norwegian krone was the 14th most traded currency in the world. They included a 50-øre coin, although this was removed from circulation in 2012. Then, in 1982, the minting of the 5 and 25-øre coins also stopped, while the last 10-øre coins were produced a decade later.īetween 19, the new coins were introduced. In 1972, production of 1 and 2-øre coins stopped. Norway kept the Norwegian krone, Sweden the Swedish krona and Denmark the Danish krone.Ĭoins originally came in physical denominations of 10 and 50 øre and 1 krone and 10-krone coins, but when the coins were introduced in full between 18, 1, 2, 5, 10, 25 and 50 øre and 1, 2 and 10-krone coins were introduced. When the SMU was dissolved in 1914, each of the three Scandinavian countries decided to keep their respective “crown”. Read more: How to Transfer Money Internationally It replaced the speciedaler/spesidaler (or speci-dollar), a currency that was used in the country between 18. The Norwegian krone was launched in 1875, when Norway joined the Scandinavian Monetary Union. Just like many other currencies around the world, it has been through an evolutionary journey over the years. If a country becomes a eurozone member, it’s expected to use the euro.īecause Norway isn't a full EU member and only associated through its membership of the European Economic Area (EEA), the country has kept the Norwegian krone. It’s currently the official currency of 19 of the 27 EU member states. The number of country specific currencies dwindled in Europe when the euro was introduced as a physical denomination on 1 January 2002. In Europe, there are 25 active currencies across 50 UN member nations. There are 180 currencies that the United Nations ( UN) member states recognise as legal tender in the world. This helps appreciate the full cost situation and avoids expensive mistakes. That's no surprise! But one thing that will help is to understand Norway's currency as soon as possible. When it comes to money in Norway, the high cost of living is the first thing that springs to most people's minds. Norway’s currency is the Norwegian krone, but how much do you really know about it? Here is the history and other things to know about the currency of Norway.
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