Norwegian penning
Appearance
The penning was the dominant currency of the Norwegian coin system in the period 995–1387.[1]
Minted in
The name lives on in the North Germanic languages in the contracted form of the plural, penger/pengar, which means money.
In the old Norwegian weight system it entered into units as ertog,
mark. Penning amended standard on several occasions through the Middle Ages. Both coin image, inscriptions, size, weight, and the silver content could vary considerably.[1]
The penning was
deniers issued elsewhere in Europe. However, although based on these coins, the accounting system was distinct, with different systems operating in different regions. All used the öre which was worth 1/8 of a mark or 3 örtugs.[1]
Value Relations between mark, øre, örtug og penning:[1]
- 1 mark = 8 øre = 24 ertogs = 240 pennings
- 1 øre = 3 ertogs = 30 pennings
- 1 ertog = 10 pennings
- 1 penning
Historical timeline of Norwegian currency
See also
- Swedish penning, its former Swedish interpretation
- penny, its British equivalent
- denier, its former French equivalent
- pfennig, its former German equivalent
References
- ^ Universitetet i Oslo. Retrieved 28 May 2016.