27/07/2020: Transition to Sol
Peru announced the removal of 'Nuevo' from the currency's name, making it officially known as the Sol once again.
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.
15/12/2015: Introduction of New Sol Banknotes
New series of banknotes featuring improved security features and designs were introduced for the Nuevo Sol.
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.
01/10/1995: Introduction of Nuevo Sol
The Peruvian Sol was revalued and renamed as the Nuevo Sol, with a new currency code of PEN.
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.
01/07/1991: Return to the Sol
Peru reintroduced the Sol as its official currency, replacing the Inti at a rate of 1 million Intis to 1 Sol.
01/02/1985: Creation of the Inti
The Peruvian Inti was created to replace the Sol as the official currency as part of an economic reform plan.
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.
01/07/1880: Adoption of the Sol de Oro Standard
Peru adopted the Sol de Oro standard, pegging the Sol to gold at a fixed rate.
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.
23/11/1850: Introducción of Peruvian Sol
The Peruvian Sol was introduced as the official currency of Peru to replace the Spanish real.