The krone (sign: kr; code: NOK) is the currency of Norway and its dependent territories. The plural form is kroner. It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown". The Norwegian krone was the thirteenth most traded currency in the world by value in April 2010, down three positions from 2007.