Editing Norwegian krone (section)

== History ==
[[File:20-kroner-1874-Norge.jpg|thumb|left|A 20-crown gold coin dated 1874. The text '124 Stk. 1 Kil. f. G.' means that 124 pieces gave one kilogram of pure gold.]]

The krone was introduced in 1875, replacing the [[Norwegian speciedaler|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 Scandinavian currencies were mutually exchangeable at par until 1914 with the suspension of the [[gold standard]] due to World War I. After this date, the currencies of Denmark, Norway, and Sweden ceased to be mutually equivalent to each other.

Within the Scandinavian Monetary Union, the krone was on a [[gold standard]] of 2,480 kroner = 1 kilogram of pure gold (1 krone = 403.226 milligrams of gold). The gold standard was suspended from 1914 to 1916 and from 1920 to 1928, and in 1931 it was permanently suspended. In 1933 the krone was pegged to the [[pound sterling]] at 1 pound = 19.9 kroner, and in 1939 the krone was pegged to the [[U.S. dollar]] at $1 = 4.4 kroner.<ref name="timeline">{{cite web | url=https://www.norges-bank.no/en/topics/about/history/history-of-norges-bank/ | title=History of Norges Bank | date=23 November 2020 | access-date=23 April 2022 | archive-date=28 June 2022 | archive-url=https://web.archive.org/web/20220628235010/https://www.norges-bank.no/en/topics/about/history/history-of-norges-bank/ | url-status=live }}</ref>

During the [[Occupation of Norway by Nazi Germany|German occupation]] (1940&ndash;1945) in the [[World War II|Second World War]], the krone was initially [[Fixed exchange-rate system|pegged]] to the [[German Reichsmark|Reichsmark]] at a rate of 1 krone = 0.6 Reichsmark, later reduced to 0.57.{{Citation needed|date=January 2015}} After the war, a peg of 1 pound = 20 kroner was established in 1946, equivalent to US$1 = 4.963 kroner before the 1949 devaluation of sterling revised it to US$1 = 7.142 kroner.<ref name="timeline" />

In December 1992, the [[Norges Bank|Central Bank of Norway]] abandoned the fixed exchange rate system in favor of [[floating exchange rate]]s (managed float) due to the heavy speculation against the Norwegian currency in the early 1990s, which lost{{Clarify|date=January 2015}} the central bank around two billion kroner in defensive purchases of the NOK through the usage of foreign currency reserves for a relatively short period of time.

===Summary of denominations issued===
{| class="wikitable"
|-
! rowspan="2" | Denomination || colspan="3" | Notes || colspan="3" | Coins
|-
! Printed || Invalid || Comments || Minted || Invalid || Comments
|-
|    1 øre || colspan="3" | — || 1876–1972 || 1988
| style="text-align:left;"| Bronze, iron 1918–1921 & 1941–1945
|-
|    2 øre || colspan="3" | — || 1876–1972 || 1988
| style="text-align:left;"| Bronze, iron 1917–1920 & 1943–1945
|-
|    5 øre || colspan="3" | — || 1875–1982 || 1988
| style="text-align:left;"| Bronze, iron 1917–1920 & 1941–1945
|-
|   10 øre || colspan="3" | — || 1874–1991 || 2003
| style="text-align:left;"| Silver 1874–1919, cupro-nickel 1920–92 (holed 1924–51), zinc 1941–1945
|-
|   25 øre || colspan="3" | — || 1876–1982 || 1988
| style="text-align:left;"| Silver 1876–1919, cupro-nickel 1921–82 (holed 1921–50), zinc 1943–1945
|-
|   50 øre || colspan="3" | — || 1874–2012 || 2012
| style="text-align:left;"| Silver 1874–1919, cupro-nickel 1920–96 (holed 1920–49), zinc 1941–1945, bronze 1996–2012
|-
| 1 krone
| 1917–1925<br/>1940–1950 || 1926<br/>1999
| style="text-align:left;"| Wartime "coin notes" || 1875– || —
| style="text-align:left;"| Silver 1875–1917, cupro-nickel 1925– (holed 1925–1951, 1997–)
|-
| 2 kroner
| 1918–1925<br/>1940–1950
| 1926<br/>1999 || style="text-align:left;"| Wartime "coin notes"
| 1876–1917 || 1922 || style="text-align:left;"| Silver 1878–1917
|-
| 5 kroner
| 1877–1963 || 1999 || style="text-align:left;"| Replaced by coin 1963
| 1963– || — || style="text-align:left;"| Cupro-nickel (holed 1998–)
|-
| 10 kroner
| 1877–1984 || 1999 || style="text-align:left;"| Replaced by coin 1984
| 1983– || — || style="text-align:left;"| Nickel-brass
|-
| 20 kroner || colspan="3" | —
| 1994– || — || style="text-align:left;"| Nickel-brass
|-
| 50 kroner || 1877– || — || &nbsp; || colspan="3" | — 
|-
| 100 kroner || 1877– || — || &nbsp; || colspan="3" | — 
|-
| 200 kroner || 1994– || — || &nbsp; || colspan="3" | — 
|-
| 500 kroner || 1877– || — || &nbsp; || colspan="3" | — 
|-
| 1000 kroner || 1877– || — || &nbsp; || colspan="3" | — 
|}

'''Sources:'''<ref>{{Cite web|url=https://www.norges-bank.no/en/topics/notes-and-coins/|title=Notes and coins|website=norges-bank.no|access-date=16 March 2021|archive-date=2 March 2021|archive-url=https://web.archive.org/web/20210302204024/https://www.norges-bank.no/en/topics/notes-and-coins|url-status=live}}</ref><ref>{{Cite web|url=https://www.dokpro.uio.no/umk_eng/nominal/krone.html|title=Kroner og øre|website=dokpro.uio.no|access-date=16 March 2021|archive-date=9 June 2024|archive-url=https://web.archive.org/web/20240609055933/https://www.dokpro.uio.no/umk_eng/nominal/krone.html|url-status=live}}</ref><ref>{{Cite web|url=https://www.skanfil.no/info?id=353&Shop=True|title=Felles nettbutikk for Mynt & Seddel og Skanfil|website=skanfil.no|access-date=16 March 2021|archive-date=18 March 2021|archive-url=https://web.archive.org/web/20210318010435/https://www.skanfil.no/info?id=353&Shop=True|url-status=live}}</ref><ref>{{Cite web|url=https://www.numisma.no/shop/|title=Numisma Mynthandel|website=numisma.no|access-date=16 March 2021|archive-date=6 March 2021|archive-url=https://web.archive.org/web/20210306103911/https://www.numisma.no/shop/|url-status=live}}</ref><ref>{{Cite web|url=https://lovdata.no/artikkel/50-oringen_snart_historie/227|title=50-øringen snart historie – Lovdata|website=lovdata.no|access-date=16 March 2021|archive-date=18 December 2022|archive-url=https://web.archive.org/web/20221218082827/https://lovdata.no/artikkel/50-oringen_snart_historie/227|url-status=live}}</ref>