West African Franc to Norwegian Krone

The West African CFA franc (sign BCEAO, code XOF ) is a unified currency used in 8 African states, that are parts of the CFA. In 2020, the participants are planning to eliminate the currency on their territories. Centimes are used as change for the West African CFA franc.

Every XOF has 100 centimes. The currency has been in circulation since 1945 after the French West African franc was eliminated. Representatives of the local fauna are used in the notes’ design. There are rhinos, dromedaries, red-crested turacos.

The Norwegian krone (symbol: kr, code: NOK, number 578) is the national currency of Norway, valid in the country since 1874 to have replaced the Norwegian daler. Although nominally the krone is subdivided into 100 ore, coins denominations of less than 1 crone have been discontinued, and ore has existed only electronically since 2012. The banknotes design bears traditional Scandinavian decorations depicting ships, lighthouses, sea waves, cod.

The exchange rate varies depending on oil prices and other economic factors. The average inflation index is low,e.g. in autumn 2019 it was only 1.8%. During 2017 - 2019, all old banknotes were replaced in the country. They can be exchanged in banks until 2028.