Can NOK and SEK be used interchangeably in the border regions?
In the past, when CAD and USD were in parity, places near the border had both coins circulated mixed together, that when I paid with CAD banknote I would very often receive changes with CAD and USD coins mixed together.
Now consider NOK and SEK are in parity. Do both circulate freely mixed near the Norway-Sweden border?
Best Answer
First of all, trade at the Norwegian-Swedish border is mostly a one-way phenomenon. Since prices in Norway are usually higher than in Sweden, people from Norway often go to Sweden for shopping, but not so much, or even rarely the other way around. There are even many shopping malls along the border on the Swedish side, targetting specifically Norwegian customers.
That led to it being common, at least a while ago, that most shops at the Swedish side of the border accepted Norwegian cash, but it was much less common that shops at the Norwegian side of the border accepted Swedish money. Even if the currencies right now are almost valued the same, the Swedish crown has at least for the last 20 years usually been worth more than the Norwegian crown and Swedish shops have always taken the difference in exchange rate into account, usually with an unfavourable exchange rate.
As JonathanReez already commented, cash is rarely used in Sweden anymore and it's the same in Norway. It is still very unusual that shops do not accept cash at all as payment, but I would not anymore expect it to be common, that shops in Sweden accept Norwegian cash.
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Can you use Norway Krone in Sweden?
Thanking you. You cannot use Euros nor US dollars as payment in Norway, Sweden and Denmark. We all have our own currencies as you have already understood. You will have to use the specific currency mentioned in the corresponding country.Do Norway and Sweden use the same currency?
The political union between Sweden and Norway was dissolved in 1905, but this did not affect the basis for co-operation in the monetary union. All three countries still use the same currencies as during the monetary union, but they lost their peg, one to one, in 1914.Cross-border education
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