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There are multiple benefits of devalueing currency and inflation (not the exact same thing), but the short version: A cheap NOk makes Norwegian goods and services competative in price, increasing exports for Norway. Even though the value of each nok decreases, the increase in business makes it worth it. Reply reply.
World’s largest sovereign wealth fund lost $174 billion in the first half. Hannah Ward-Glenton Wed, Aug 17th 2022.
Apr 19, 2024 · A barrel of Norways’s North Sea crude did rise after more drama in the Middle East last weekend, but the Norwegian krone ended up weakening. It held up better than the Swedish krone , though, and analysts cite more “foreign forces” than trouble at home.
Feb 8, 2023 · Check out the NOK to USD history rates below. This is the Norwegian Krone (NOK) to US Dollar (USD) exchange rate history summary page for 2020. Highest: 0.1172 USD on December 30, 2020. Average: 0.1063 USD over this period. Lowest: 0.08477 USD on March 20, 2020.
A Ukrainian refugee in Norway shares her story of war and hope. SPECIAL FEATURE: More than 6.3 million Ukrainians have fled their homeland since Russia’s full-scale invasion on February 24, 2022. Since then, Norway has accepted the largest number of Ukrainian refugees among the Scandinavian countries, more than 70,000, and the...
