Between 1994 and 1998, a new coinage was introduced, consisting of 50 øre, 1, 5, 10, and 20 kroner. These are the only coins which are currently legal tender, with the exception of the 50-øre coin which was withdrawn on May 1, 2012. It was withdrawn because it was no longer circulating as an ordinary coin used for payment. However, banks in Norway will still exchange 50 øre coins for higher values until 2022.
Planning your trip well helps you get what you want and find the experiences you wish for, without risking your hard-earned days off. And if you don't know what you want, we're happy to help you find some ideas.
The shape of the 10 Syrian pound coin has been found to so resemble the 20 Norwegian krone coin that it can fool vending machines, coins-to-cash machines, arcade machines, and any other coin-operated, automated service machine in the country. While they are hardly similar to the naked eye, machines are unable to tell the coins apart due to an almost identical weight and size.
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The Norwegian currency is the krone (plural: kroner), written as NOK. There are 100 øre in 1 krone. Bank notes are issued in denominations of 50, 100, 200, 500, and 1,000 kroner. Coins are issued in denominations of 50 øre, 1 krone, and 5, 10, and 20 kroner.
For the most part tipping is not common in Norway, with the exception of bars and restaurants where the locals tip when they are happy with the service or food.
The krone was introduced in 1875, when Norway joined the Scandinavian Monetary Union. The coins and banknotes are distributed by the Central Bank of Norway.
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Post offices and some grocery shops or supermarkets do not accept foreign credit cards, although they happily take debit cards.
It is still a good idea to have a bit of cash on you, though, and you need Norwegian currency to get by - foreign currency is rarely accepted.
For American readers: At the time of this writing, US$1 = approximately 5NOK (or stated differently, 1NOK = approximately 20¢). This was the rate of exchange used to calculate the simplified dollar values provided throughout this edition.
In 1875, coins were introduced (some dated 1874) in denominations of 10 and 50 øre and 1 and 10 kroner. These coins also bore the denomination in the previous currency, as 3, 15, and 30 skillings and 2½ specidaler. Between 1875 and 1878, the new coinage was introduced in full, in denominations of 1, 2, 5, 10, 25, and 50 øre and 1, 2, and 10 kroner. The 1, 2, and 5 øre were struck in bronze; the 10, 25, and 50 øre and 1 and 2 kroner, in silver; and the 10 and 20 kroner, in gold.
The krone [ˈkɾuːnə] (sign: kr; code: NOK), plural kroner, is the currency of Norway and its dependent territories. It is subdivided into 100 øre, which exist only electronically since 2012. The name translates into English as crown.
The currency of Norway is the Kroner (NOK). Norway can be very expensive. Make sure you have access to plenty of money. Bank opening hours are shorter than in the UK - especially in summer. Credit cards are widely accepted, but are not so widely accepted as a means of payment in Norwegian supermarkets and petrol stations as they are in the UK. You may be asked to provide ID if you cannot pay by chip and PIN. You can send money electronically to Norway via Forex and Western Union.
There is no fixed rule of thumb for how much to tip, but tip tend to stay within 5-15% of the total amount of the bill. But remember that tipping is entirely up to you - there will be no hard feelings in any case.
In 1877, Norges Bank introduced notes for 5, 10, 50, 100, 500 and 1000 kroner. In 1917, 1 krone notes were issued, with 2 kroner notes issued between 1918 and 1922. Because of metal shortages, 1 and 2 kroner notes were again issued between 1940 and 1950. In 1963, 5 kroner notes were replaced by coins, with the same happening to the 10 kroner notes in 1984. 200 kroner notes were introduced in 1994.
You will find cash machines everywhere in towns and cities, and in most rural areas there will at least be one place where you can withdraw money, such as a kiosk or a petrol station.
Important note: Make sure that the PINs on your bank cards and credit cards will work in Norway. You'll need a four-digit code (six digits won't work); if you have a six-digit code, you'll have to go into your bank and get a new PIN for your trip. If you're unsure about this, contact Cirrus or PLUS. Be sure to check the daily withdrawal limit at the same time.
American Express, Thomas Cook, Visa, and MasterCard offer foreign currency traveler's checks, which are useful if you're traveling to one country, or to the Euro zone; they're accepted at locations where dollar checks may not be.
Many people think Norway is an expensive country, and to an extent they’re entirely correct, but chances are they haven’t really tried to save money. You can certainly experience Norway without blowing your entire savings account and maxing out all your credit cards: There are plenty of tips and tricks you can turn to in order to be frugal and still enjoy yourself in Norway.
Don’t include personal or financial information like your National Insurance number or credit card details.
You can buy traveler's checks at most banks. They are offered in denominations of $20, $50, $100, $500, and sometimes $1,000. Generally, you'll pay a service charge ranging from 1% to 4%.
These monetary relationships can and probably will change during the lifetime of this edition. For more on exact ratios between these and other currencies, check an up-to-date source at the time of your arrival in Norway.
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In England, contact Ruesch International Ltd., Lower Cookham Road, Maidenhead Berkshire SL6 8XY (tel. 0845/880-0400).
You can also get cash advances on your credit card at an ATM. Keep in mind that credit card companies try to protect themselves from theft by limiting the funds cardholders can withdraw outside their home country, so call your credit card company before you leave home. And keep in mind that you'll pay interest from the moment of your withdrawal, even if you pay your monthly bills on time.
At press time, faced with some of the greatest fiscal instability since before World War II, U.S. and Norwegian currency experts held widely varying opinions about the 2-year outlook for the interrelated values of the kroner, the dollar, the pound, and the euro. With that in mind, we compiled the following chart as a very rough guide for how the Norwegian kroner might stack up against other international currencies.
Money Of Norway
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The last gold coins were issued in 1910; silver was replaced by cupro-nickel from 1920. Between 1917 and 1921, iron temporarily replaced bronze. 1917 also saw the last issuance of 2 kroner coins. During the German occupation in the Second World War, zinc was used in place of cupro-nickel in 10, 25, and 50 øre coins, and production of the 1 krone piece was suspended.
Many hotels in Norway simply do not accept a dollar- or pound-denominated personal check; those that do will certainly charge for making the conversion. In some cases, a hotel may accept countersigned traveler's checks or a credit or charge card.
The krone was introduced in 1875, replacing the Norwegian speciedaler/spesidaler at a rate of 4 kroner = 1 speciedaler. In doing so, Norway joined the Scandinavian Monetary Union, which had been established in 1873. The Union persisted until 1914. After its dissolution, Denmark, Norway, and Sweden all decided to keep the names of their respective and since then separate currencies.
The coins and banknotes are distributed by the Central Bank of Norway.
If you carry traveler's checks, keep a record of their serial numbers separate from your checks in the event that they are stolen or lost. You'll get a refund faster if you know the numbers.
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The pound is the official currency of the United Kingdom of Great Britain and Northern Ireland. The pound sterling is the fourth most-traded currency in the foreign exchange market. It's known locally as a quid.
Regarding the Euro: At the time of this writing, 1€ = 10NOK (or stated differently, 1NOK = 10 eurocents).
Visa and MasterCard are the most commonly accepted credit cards, with far fewer accepting Amex or Diners. If in doubt, ask before shopping.
In 1963, 5 kroner coins were introduced. Production of 1 and 2 øre coins ceased in 1972. The following year, the size of the 5 øre coin was reduced; production of the denomination ceased in 1982, along with minting of the 25 øre. Ten-kroner coins were introduced in 1983. In 1992, the last 10 øre coins were minted.
In 2005, oil prices reached record levels of more than 60 dollars per barrel. Although interest rates had decreased to around 2 per cent, the Norwegian krone grew even stronger.