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Norwegian Krone

The krone (Norwegian: [ˈkrûːnə], abbreviation: kr (also NKr for distinction); code: NOK), plural kroner, is the currency of the Kingdom of Norway (including overseas territories and dependencies). It was traditionally known as the Norwegian crown in English; however, this has fallen out of common usage. It is nominally subdivided into 100 øre, although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. It is considered to be one of the world's G10 currencies, a group of the most traded currencies in the world. The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though it is seldom done on impulse. Money is spent mainly on food articles, alcohol, and tobacco, in that order, usually in bulk or large quantities. This is due to considerably higher taxes and fees on tobacco and alcohol purchased domestically in Norway.

Indonesian Rupiah

The rupiah (symbol: Rp; currency code: IDR) is the official currency and sole legal tender in Indonesia. It is issued and managed by Bank Indonesia, while its banknotes and coins are produced by the state-owned Perum Peruri. The name derives from the Sanskrit rupya, meaning "wrought silver". One rupiah is legally divided into 100 sen, although regular currency is issued only in whole-rupiah denominations. The republican government introduced Oeang Republik Indonesia (ORI) in October 1946 during the Indonesian National Revolution, when Japanese and Dutch-issued currencies were still circulating. Regional rupiahs were later used in the Riau Islands and West Irian, before being replaced by the national currency in 1964 and 1971. The government redenominated the rupiah in 1965 at a rate of 1,000 old rupiah to one new rupiah, and Bank Indonesia became the sole issuer of banknotes and coins in 1968. Indonesia used multiple exchange rates, fixed rates and managed depreciation before allowing the rupiah to float during the 1997 Asian financial crisis. The currency fell to about Rp16,800 per US dollar in June 1998 and later recovered, but has remained subject to periods of sharp depreciation under the floating system. Proposals to remove three zeroes from its denominations have not been implemented, while Bank Indonesia is separately developing a proposed digital rupiah through Project Garuda.