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Does Norway use the Euro currency?


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Answered 2012-10-07 10:58:42

Norway is not in the EU and has its own currency: the Norwegian Krone.

NB - Countries and territories do not have to be in the EU to use the euro. Monaco, San Marino, the Vatican City, Kosovo, and Montenegro also use the euro (although the last two do not issue their own coins).

2nd N.B.Countries outside the EU using the Euro are not members of the ECB (European Central Bank), which means they get no say in how the Euro is run, and cannot print there own Euros (though some are allowed to mint coins for the collector's market).

They are in the situation of using somebody else's currency because they are too small to have their currency, same as some small countries use the US dollar. It is like being on a Gold standard, If the central bank runs out of Euros, hard luck.

Another such user is Andorra.

Recently Iceland inquired if it could join the Euro as a full member, and was told it was not possible until it became a member of the EU.

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Answered 2016-07-29 16:25:55

No, Norway do not use the euro.

The currency of Norway is the Norwegian krone.

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