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Old 03-23-2009   #1 (permalink)
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Tormod
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Why the Norwegian Krone is the World's Safest Currency

This is a bit surprising to me...but since I live in Norway I figure it's worth posting here:

Quote:
Originally Posted by TIME Magazine
Investors keen to protect their precious cash have sought security in all the usual places in recent months. The U.S. dollar, the Swiss franc and the Japanese yen — each with a history as a safe haven — have all provided homes for nervous depositors' cash. But as the economies of those three countries flounder, it's time to look around, and smart investors think they've discovered a new harbor to protect them from the choppy economic seas. "The best safe haven currency," analysts at banking giant HSBC wrote in a research note this month, is Norway's. According to HSBC's reading, right now the Norwegian krone is "probably the best currency in the world."
Why the Norwegian Krone is the World's Safest Currency - TIME


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