30/10/2016: Withdrawal of the 1000-krone banknote
The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.
30/06/2015: Demonetization of old Guinean franc banknotes
The old series of Guinean franc banknotes, denominated in 'Syli,' ceased to be legal tender, and only the new franc banknotes remained in circulation.
26/09/2012: Introduction of new Guinean franc coins
New coins denominated in the Guinean franc were introduced, replacing the previously used Guinean syli coins.
30/06/2010: Revaluation of the Guinean franc
The Guinean franc underwent a revaluation, with 1 new franc being equivalent to 10,000 old francs.
01/01/1999: Creation of the euro
Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.
30/06/1997: Introduction of new Guinean franc
A new series of Guinean franc banknotes, denominated in 'Syli,' was introduced as a replacement for the previous currency.
19/11/1992: Norway rejects European Union membership
In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.
30/11/1985: Devaluation of the Guinean franc
The Guinean franc was devalued by 50%, leading to an economic crisis and high inflation.
31/05/1971: Redenomination of the Guinean franc
The Guinean franc underwent a redenomination, with 1 new franc being equivalent to 10 old francs.
01/10/1959: Introduction of Guinean franc
The Guinean franc was introduced as the official currency of Guinea following its independence from France.
22/10/1931: Devaluation of the krone
To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.
01/11/1920: Krone's return to the gold standard
Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.
02/08/1914: Suspension of krone's gold standard
Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.
27/10/1875: The introduction of the krone currency
The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.