Basic Country Data:
Country ISO Code: NO
Official Language: Norwegian (Bokmål)
Language ISO Code: nb
Current Official Currency: Norwegian krone
Current Currency ISO Code: NOK

Currency: Norwegian Krone (NOK)

ISO Code: NOK
Singular Name: krone
Plural Name: kroner
Monetary Subdivision: 1 krone = 100 øre
Subdivision Name Singular: øre
Subdivision Name Plural: øre
Initial Production Date: 1875
Final Production Date: ongoing
Initial Circulation Date: 1875
Final Circulation Date: currently in circulation
Mint: Norwegian Mint (Det Norske Myntverket), Kongsberg
Issuing Bank: Norges Bank (Central Bank of Norway)
Coin Denominations: 1, 5, 10, 20, 50 øre (smaller coins have been withdrawn from circulation but remain legal tender), 1, 5, 10, 20 kroner
Banknote Denominations: 50, 100, 200, 500, 1000 kroner
Designs / Symbols on Coins and Banknotes:

• Coins feature portraits of Norwegian kings, native fauna, and natural motifs with inscriptions in Norwegian.

• Banknotes depict notable Norwegian historical figures, cultural elements, and national landscapes, incorporating advanced security features.
  Economic Historical Context:

• The Norwegian krone was introduced in 1875, replacing the speciedaler, as part of the Scandinavian Monetary Union, which lasted until 1914.

• After the union dissolved, the krone remained Norway’s national currency.

• The currency has undergone several reforms to control inflation and modernize the monetary system.

• Smaller øre coins have been gradually withdrawn from circulation due to inflation and production costs; the smallest coin currently in circulation is the 1 krone.
  Mints / Production Locations:

• Coins are produced at the Norwegian Mint in Kongsberg.

• Banknotes are printed by Norges Bank and specialized printing houses in Europe.
  Print Runs / Quantities Produced / Honorees and Signatures:

• Print runs vary according to annual demand.

• Commemorative coins are occasionally issued to mark national and international events such as Norway’s independence centenary and the Winter Olympics.

• Banknotes bear signatures of the Governor and Chief Financial Officer of Norges Bank.
  Current Circulation Status: active and widely used throughout Norway
  Issuing Authority: Norges Bank
  Relevant Monetary Legislation:

• The Norges Bank Act regulates currency issuance and circulation.

• Specific regulations govern denominations and withdrawal of smaller coins.
  Persons Honored on Coins and Banknotes:

• Notable figures include playwright Henrik Ibsen, painter Edvard Munch, and explorer Fridtjof Nansen.