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Thursday, May 23, 2024

Tag: currency

Weak ‘krone’ didn’t spur rate hike

Norway's central bank kept interest rates steady on Friday and several economists no longer think they'll be lowered later this year. Others think the...

‘Krone’ weakens again but Norway secures its use for cash payments

The value of Norway's historically weak krone sank again heading into the weekend, but Norwegians have at least been assured of legally being able...

Weak ‘krone’ baffles the experts

NEWS ANALYSIS: Norway's economy remains strong, its biggest companies are more profitable than ever, the price of its oil is still high and unemployment...

Cash poised for a comeback

After years of being dismissed as old-fashioned and a security risk, cash may soon re-emerge as a state-mandated means of payment in highly digitalized...

Norway’s krone weakens again

A strong economy and low unemployment didn't stop currency traders this week from letting the Norwegian currency, the krone, fall to its weakest level...

Cash is going out of date, and use

It's become increasingly difficult to pay with cash in Norway, with the Corona crisis helping tax authorities to discourage its use. Now more of...

‘Krone’ sinks along with oil business

Norway's currency has weakened once again this week, in line with the North Sea oil price that still fuels the country's economy. What's more...

Economic upturn will ‘soon be over’

Norway's currency remains historically weak, the housing market has cooled off,  concerns are rising about the future of the oil industry and investments are...

Last of the ‘new money’ released

Norway's central bank put its new 1,000-kroner bills into circulation on Thursday, the last of the country's new series of paper money that hails...

Old currency notes to be withdrawn

Norway's central bank (Norges Bank) was sending out reminders this week that its old 50- and 500-kroner notes are about to be withdrawn from...

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