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Real coins·13 January 2026·4 min read

The Norwegian krone — money of an oil country

Norway turned oil into the largest sovereign fund in the world. The krone sits on a huge fortune.

The Norwegian krone — money of an oil country
Image: CC0 · Wikimedia Commons

The Norwegian krone is the currency of one of the richest countries per capita in the world. Norway invested its oil revenue in a sovereign fund of over a trillion dollars.

How a country saves for the future

Instead of spending all the oil now, Norway sets aside for future generations — at a national level, exactly the "pay yourself first" principle. A model of national financial discipline.