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Thursday, November 7, 2024

Tag: currency

Cash cleared for a comeback

UPDATED: Shops, restaurants, hair salons, cinemas and other retail establishments in Norway had to start accepting cash as payment for goods and services again...

Norwegians bemoan weak kroner

It's been costing Norwegians more than 14 of their kroner to buy just one British pound this week, more than NOK 12 to buy...

Weak ‘krone’ didn’t spur rate hike

Norway's central bank kept interest rates steady on Friday and several economists no longer think they'll be lowered later this year. Others think the...

‘Krone’ weakens again but Norway secures its use for cash payments

The value of Norway's historically weak krone sank again heading into the weekend, but Norwegians have at least been assured of legally being able...

Weak ‘krone’ baffles the experts

NEWS ANALYSIS: Norway's economy remains strong, its biggest companies are more profitable than ever, the price of its oil is still high and unemployment...

Cash poised for a comeback

After years of being dismissed as old-fashioned and a security risk, cash may soon re-emerge as a state-mandated means of payment in highly digitalized...

Norway’s krone weakens again

A strong economy and low unemployment didn't stop currency traders this week from letting the Norwegian currency, the krone, fall to its weakest level...

Cash is going out of date, and use

It's become increasingly difficult to pay with cash in Norway, with the Corona crisis helping tax authorities to discourage its use. Now more of...

‘Krone’ sinks along with oil business

Norway's currency has weakened once again this week, in line with the North Sea oil price that still fuels the country's economy. What's more...

Economic upturn will ‘soon be over’

Norway's currency remains historically weak, the housing market has cooled off,  concerns are rising about the future of the oil industry and investments are...
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