The Norwegian krone has weakened significantly. Now 1 dollar costs almost 11 kroner, 1 euro closer to 12 and the pound close to 14 kroner. IN an interview with NRK says Conservative leader Erna Solberg that it is a problem that the krone exchange rate is as low as it is now.
– Yes, it is a problem because we are all getting poorer. It provides a certain stimulus to the export industry and to the tourism industry. But it is a problem because it creates a lot of instability and uncertainty.
She acknowledges that there are no short-term, simple solutions to the krone problem.
– The long-term strategy is to build up productivity and competitiveness. If foreigners believe in Norway as a business location, then the money will also move in more easily. But that doesn’t happen overnight, says the Conservative leader.
The devaluation of the krone started around ten years ago, while Solberg was prime minister. And although the development has accelerated recently, she does not want to give the government the main responsibility.
– It is about the Norwegian krone being a small currency in a troubled sea. But the government has pursued a policy that has not been a counter force to what is happening either, says Solberg, who supports the proposal from Venstres Sveinung Rotevatn to set up a crown committee with experts.
– The most important thing is to get an analysis tool, a basis for why the Norwegian krone is weak and input on what can be done to strengthen it, says Solberg.
#Solberg #crown #committee #poorer
2024-08-12 05:53:43
