The official currency of Norway is the Norwegian krone, abbreviated as NOK. One krone is divided into 100 øre. The currency is issued by the Central Bank of Norway, which manages its supply and stability. The Norwegian krone is used throughout Norway and is recognized for its stability. It is commonly traded in foreign exchange markets and is influenced by factors such as oil prices, as Norway is a significant oil producer. The currency features various designs, including images of famous Norwegian figures and landscapes.