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Øre (plural øre , Norwegian pronunciation: [ˈøːɾə] ) is the centesimal subdivision of the Norwegian and Danish krones . The Faroese division is called the oyra , but is equal in value to the Danish coin. Before their discontinuation, the corresponding divisions of the Swedish krona and the Icelandic króna were the öre and the eyrir , respectively. In all five languages, the name derives from the Latin aureus , a gold coin worth 25 denarii .
The Norwegian 10-øre coin was announced deprecated on 23 February 1992 and ceased to be legal tender the next year. Since 1993, the only Norwegian coin in use with a value below NOK 1 was the 50-øre coin, which was also deprecated on 1 May 2012. The original value were the 1-, 2-, 5-, 10- 25 and 50-øre coins.
The Danish 25 øre coin ceased to be legal tender on 1 October 2008. The only Danish coin currently in use with a value below DKK 1 is the 50 øre .