The noun Krone has been translated into English as 'Crown'. The abbreviation is 'kr', which appears on price tags, while the code symbol is NOK.
The Krone is divided into 100 øre. Currently the coins in use in Norway are:
- 50 øre
- 1 krone
- 5 kroner
- 10 kroner
- 20 kroner
Norwegian bank notes are:
- 50 kroner
- 100 kroner
- 200 kroner
- 500 kroner
- 1000 kroner
The value of the Norwegian currency changes substantially from year to year due to the fluctuation of oil prices.