Today, Norway’s new banknote series will be put into circulation. The banknotes have been given a new layout with “The Sea” as main theme.
The new banknotes have received tremendous attention, despite the fact that Norwegian society increasingly depends on digital payments and bank cards.
The sea takes us out into the world
The banknote series being launched today, is decorated with elements from “The Sea”. According to Norway’s central bank (Norges Bank), the new design tells the story of Norway. The sea has been a key element in Norwegian economy and for the country’s national identity.
Only two denominations in the series will be put into circulation today, 100- and 200-krone banknotes. Each of the five denominations represents an important part of Norway’s relationship with the sea.
A lighthouse is depicted on the 50-krone banknote, and the Viking ship Gokstadskipet on the 100-krone banknote, representing respectively what binds us together and what takes us out into the world. The 200-krone banknote is covered by a cod, meant to show the food we get from the ocean. On the 500-krone banknote the rescue vessel RS 14 “Stavanger” is portrayed, and the series is concluded on the 1000-kroner banknote with a fierce wave in the open sea.
Click on the photos to take a closer look at the banknotes being released today.
New security features
The banknotes were designed by Norges Bank’s banknote designers Arild Yttri and Morten Johansen. The designs on the front sides of the banknotes are based on the proposal from Metric Design and Terje Tønnessen. The proposals for the back of the notes were submitted by Snøhetta Design. The primary motifs were drawn by the artist Sverre Morken. The Atlantic puffin watermark motif is based on a photo taken by photographer Tom Schandy.
A banknote is the product of highly advanced graphic design. Advances in technology have provided counterfeiters with better methods for imitating genuine banknotes. In order to easily distinguish between genuine notes and counterfeits, Norwegian banknotes have many security features.
“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 in a Norges Bank press release.
Do I need to exchange old banknotes?
Today, the new 100- and 200-kroner banknotes will be made available for the banks, but it may take time before they are available for the general public in ATMs and stores. The old 100-krone and 200-krone banknotes will remain valid until 30 May 2018, but can be exchanged for another ten years.
The new banknote series will be put into circulation in three stages. 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 autumn 2019.