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NORWAY: Central Bank introduces new sea-themed banknotes

posted onJune 1, 2017

Norway's new banknotes entered circulation on May 30, 2017. The notes’ maritime design, which breaks with the tradition of using portraits of famous men and women, are based on the results of a design competition.

The primary motif on the front side of the 100-krone banknote is a Viking ship, while on the 200-krone note, a cod is portrayed facing left. On the back sides, abstract representations of a cargo ship (100-krone note) and a fishing boat (200-krone note) can be seen on the horizon.

"This is an important milestone in the work to issue new banknotes. The notes being introduced today are the product of highly advanced graphic design that will function as a secure and effective means of payment for many years to come," Norges Bank Governor Øystein Olsen said.

Norges Bank-100 kroner
100 kroner Photo Credit: Norges Bank

"Security and confidence in cash as a means of payment are the main reasons why we are now launching new banknotes. The general public needs to be confident that a 100-krone note is actually worth its face value. At the same time, the authenticity of the banknotes must be easy to verify," Trond Eklund, the project manager for the new banknote series, said.

100 kroner Photo Credit: Norges Bank
200 kroner Photo Credit: Norges Bank

The old 100-krone and 200-krone banknotes will circulate in parallel with the new banknotes for a period and will remain legal tender until 30 May 2018. After this period, Norges Bank, Norway's central bank, is obliged to exchange these notes for at least ten more years.

The 50-krone and 500-krone banknotes in the new banknote series will be issued in autumn 2018, while the 1000-krone banknote will be issued in 2019.

Watch the video released by Norges Bank, to mark the release of the new notes using the slogan “cod is coming” (torsken kommer).