The currencies of the world have been facing some major issues as the rise of digital currency is threatening their existence and the volatile conditions of the global politics and global markets are just making the matter worse, some currencies are trading so bad that they are like literally at the bottom of their currency lifespan.
Norway’sNorway’s crown currency has weakened, and it is more than expected amid a move t save the currencies the nations are taking measures, and this has affected Norway in the worst way. The Norway crown last week hit an all-time low against the euro, which has caused more rise in concerns as this trend is being followed and carried over this week, too, which could prove fatal to the country’s currency as well as the finances. International politics is a major factor affecting the fall of currencies like the Norway crown, and the most affected are the smaller economies that are recording all-time lows of their currencies. It’ sIt’s hard to explain, but obviously it has much to do with the international investment community seeking Swiss Franc and U.S. dollars, which are seen as more of a safe haven and this safe haven flight has cost the nation the most stated the Norway’sNorway’s central bank governor while addressing the business leaders in a speech on Monday.
Let’sLet’s see how the currency fares in the coming week, and that will decide the fate of the nation and the currency for the most part.
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