Norwegian Krone

M2 money supply, indexed to 2001 = 100

Every line goes up — that’s the point. Angle of attack tells the story.

All series matched through 2024; some central-bank sources lag a year or two.

Log scale

USDEURJPYGBPCNYCHFCADAUDINRBRLNOK

NOK highlighted against the top 10 reserve currencies — M2 broad money, indexed to 2001 = 100. NOK series: IMF IFS via DBnomics, as of 2025.

Norwegian Krone M2 money supply

Broad money in NOK (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.

279 data points · monthly granularityLog scale

Norwegian Krone inflation history

Annual CPI YoY since 1966 — World Bank consumer price index for Norway. Inflation volatility is one of three inputs into the Money2069 sound-money score.

Frequently asked questions

Who issues the Norwegian Krone?+

The Norwegian Krone (NOK) is issued by Norges Bank. As the monetary authority for Norway, it sets policy interest rates, manages foreign reserves, and controls the money supply.

What is the inflation rate of the Norwegian Krone?+

Latest available consumer price inflation for the Norwegian Krone: 3.06% YoY (2025). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.

Has the Norwegian Krone been debased?+

Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 78% over the past decade. Combined with cumulative inflation, this is the gap between NOK as accounting unit and NOK as a store of value.

Is the Norwegian Krone sound money?+

On the Money2069 0–100 sound-money scale, the Norwegian Krone currently scores 85.2. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.

How does the Norwegian Krone compare to gold or the US dollar?+

Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.

How often is this data updated?+

We pull fresh exchange rates daily from Frankfurter (ECB-sourced), with Exchange Rate API covering currencies the ECB doesn't quote, and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.

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