800.515/583
The Norwegian Embassy to the Department of State 8
Memorandum
It is the opinion and policy of the Norwegian Government that Norwegian currency should be used to satisfy the needs of Allied expeditionary forces on Norwegian territory.
For its own monetary and financial purposes and with a view to supplying Allied forces with adequate amounts of Norwegian currency, the Norwegian Government has taken steps to have printed in London up to 600 million kroner (approximately corresponding to the total amount of Norwegian paper currency in circulation immediately prior to the invasion) in notes of the following denominations: 1, 2, 5, 10, 50, 100, 500 and 1,000 kroner. At the same time coinage of Norwegian small coins (10, 25 and 50 öre) is being effected in London. These notes and coins are intended to cover the Norwegian military and civil needs as well as those of Allied expeditionary forces.
[Page 1034]The rates of exchange between the Norwegian krone and other currencies will be fixed by the Norwegian Government after discussion with the competent authorities of the various United Nations, The exchange rates will in the first instance have to be fixed provisionally pending the clarification and stabilisation of the various factors involved.
- Handed to the Adviser on International Economic Affairs (Feis) by the First Secretary of the Norwegian Embassy (Bryn) and the Financial Counselor (Colbjørnsen), March 31.↩