The official currency of Norway is the Norwegian krone, abbreviated as NOK. The krone has been the official currency since 1875 and is subdivided into 100 øre. Norway's currency is issued by the Norges Bank, which is the central bank of the country. The krone has historically been known for its stability, and its value is influenced by various factors, including oil prices, as Norway is one of the prominent oil exporters in the world. The economic policies and financial stability of Norway contribute to the strength of the krone in the global currency market.