The currency of Norway is the **Norwegian krone**, often abbreviated as NOK. The krone has been in use since 1875, replacing the earlier currency of skillings. The name "krone" means "crown" in Norwegian, symbolizing the country's royal heritage. The krone is subdivided into 100 øre. Banknotes and coins feature various designs reflecting Norway's natural and cultural heritage. The value of the krone can fluctuate based on economic factors, such as oil prices, as Norway is a major oil producer. Overall, the krone is an important aspect of Norway's economy and national identity.