Convert Norwegian Krone to Ethiopian Birr
Please provide values below to convert Norwegian Krone [NOK] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Norwegian Krone.
How to Convert Norwegian Krone to Ethiopian Birr
1 NOK = 0.07400473663102 ETB
Example: convert 15 NOK to ETB:
15 NOK = 15 × 0.07400473663102 ETB = 1.1100710494653 ETB
Norwegian Krone to Ethiopian Birr Conversion Table
| Norwegian Krone | Ethiopian Birr |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.