The Norwegian Krone also known as the krone is the official currency of Norway and its dependent territories of Svalbard, Bouvet Island, Queen Maud Land and Peter the First Island. The word krone translates into "crown" in English. It is denoted as NOK, and its currency symbol is "kr." It is subdivided into 100 øre, which exist electronically since 2012. The krone was originally introduced in 1875 when Norway joined the Scandinavian Monetary Union (alongside Denmark and Sweden), replacing the Norwegian speciedaler/spesidaler. Following the adjournment of the Union in 1914, the member countries decided to use their separate currencies.
The most active pair to trade the Norwegian currency is the US dollar and the Krone, USDNOK. The Norwegian Krone is issued and distributed by the Norges Bank - Central Bank of Norway. The coins come in denominations of 1kr, 5kr, 10kr and 20kr while the banknotes are in values of 50kr, 100kr, 200kr, 500kr and 1000kr. The krone has been a floating currency since 1992 and is heavily influenced by oil prices considering it's the third-largest exporter of oil in the world market. It is also affected by interest rates set by the Central Bank. Further, Norway's economy is largely dependent on trade relations with the UK and the Euro-zone.
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TTCM Traders Capital Limited (herein "TTCM BM")is a limited liability Company, incorporated in Bermuda under section 14 and 6/132C(1) of the Companies Act 1981 and registered with the Registrar of Companies under Company number 54135, with registered address 5th Floor, Andrew’s Place, 51 Church Street, Hamilton HM 12, Bermuda
TTCM Traders Trust Capital Markets Limited (herein "TTCM CY")is a Cyprus Investment Firm incorporated under the laws of Cyprus, has its principal place of business at 56 Theodorou Potamianou Aphrodite Court, 4th Floor, 4155, Limassol Cyprus and is registered with the Registrar of Companies in Nicosia under the number: HE 250591. TTCM Traders Trust Capital Markets Limited is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license number 107/09 and operates in accordance with the Markets in Financial Instruments Directive II (‘MiFID II’) of the European Union.
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