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Saturday, May 21, 2022

Tag: currency

Cash is going out of date, and use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Old currency notes to be withdrawn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central bank (Norges Bank) was sending out reminders this week that its old 50- and 500-kroner notes are about to be withdrawn from...

Historically weak krone recovers a bit

It's been 17 years since it cost more than NOK 9 to buy one US dollar, but that's how weak the krone was through...

Seafood exports set new record

Norway's weaker currency is good for exports, and likely helped seafood producers set a new record in July for the value of their shipments...

Oil price dives as do shares, krone

Shares traded on the Oslo Stock Exchange fell another 2.5 percent on Thursday, while the price of Norway's North Sea crude oil remains in...

More new currency notes set to sail

Norway's central bank is due to formally launch its new 500- and 50-kroner notes into circulation on Thursday. The new bills, issued in order...

Old currency invalid from Thursday

Norwegian media and the country's central bank were reminding Norwegians on Wednesday that it was the last day they could use the NOK 100-...

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