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NORWAY (NOK) NORWEGIAN KRONER
The Krone, kroner in plural, is the currency of Norway. The international code
of the currency is NOK and it is represented by the symbol ‘kr’. A krone is
divided into 100 Øre. The krone replaced the Norwegian speciedaler in 1875.
Currently in circulation
Coins that are currently in circulation are in the denominations of 50 Øre, 1,
5, 10 and 20 kr. Banknotes come in the denominations of 50, 100, 200, 500 and
1000 kr. The 1000 kr note is rarely used as people prefer to use their credit
cards to make larger payments.
Exchange facilities and traveller’s cheques
Foreign currency can be exchanged at banks and post offices. Traveller’s cheques
are accepted in post offices, banks, hotels and by airlines and can fetch a
better rate at post offices, though there is a service charge attached to a
transaction made.
Using credit/debit cards
ATM’s are available at most banks and shopping centres and they accept most of
the credit cards. Eurocheque cards can get you cash on personal cheques. You
should not have any difficulties in using credit cards in Norway as they are
very widely received in the majority of establishments.
Restrictions
There is no restriction on the amount of local or foreign currency that can be
imported into Norway. But the amount of foreign currency must be declared on
arrival and the conversion receipts retained to be shown on departure. The
export of local currency should not exceed NOK5000.
Norway: An overview
Norway is appropriately called the ‘Land of the Midnight Sun’ and that is what
Tromso is all about because here, the sun never rises in winter nor does it set
in midsummer. The magnificent fjords, on the west coast of Norway, are its most
prominent features. Its three major cities, Oslo the capital, Bergen a key
trading port and Trondheim a place of Christian pilgrimage give the country its
well-defined cultural and historical charm. The Viking country offers a vast
abundance of natural beauty and is an ideal place for nature lovers. Activities
include skiing, rock climbing, fishing and hunting are an added bonus.
Norway is a very expensive country to live in. Restaurants in Oslo are
appallingly expensive with meals costing three times the price they would cost
in the US and twice that of the UK. Four beers at a bar would cost
300NOK/$50/£32 while a pizza could cost the same amount.
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