Norwegian krone
Norway has the most stable currency in Europe. With oil exports, a high standard of living, a 13% current account surplus, and a debt to GDP of just 28%, Norway is in excellent shape to maintain currency strength and hold off the structural problems of the rest of the continent. Because Norway is not part of the EU, it can serve as a financial safe haven for investors if the European debt crisis deteriorates further.
- Part of Speech: proper noun
- Industry/Domain: Financial services
- Category: World currencies
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- Sanket0510
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(Mumbai, India)