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Press release 12 April 2012

50-øre coin retires on 1 May

Norges Bank decided in March 2011 that the 50-øre coin will be withdrawn from circulation and will no longer be legal tender as from 1 May 2012.

 50 øre coin   50 øre coin

”The 50-øre coin will be legal tender and can be spent as usual until 1 May this year. If you have a large number of 50-øre coins that you do not wish to keep, spend them or exchange them at your bank before 1 May”, advises Director Trond Eklund, Cashier’s Department.

At end-March 2012 the number of 50-øre coins in circulation was about 370 million. After 1 May 2012, 50-øre coins will only be redeemable at Norges Bank. Norges Bank is obligated to redeem these coins for a further 10 years.     

The withdrawal of the 50-øre coin means than the øre designation will no longer feature on Norwegian coins as from 1 May 2012. Cash payments after that date will be rounded up or down to the nearest krone.

The 50-øre coin in circulation today was issued on 16 September 1996. The royal crown features on the obverse of this coin. The reverse features a mythical animal from Urnes stave church in Luster municipality in western Norway and was designed by Polish-born Grazyna Jolanta Lindau.

For more details on the withdrawal of the 50-øre coin, see the Norges Bank website.

 

For more information, please contact:

Communications Adviser Synne Ekrem, Tel. +47 22 31 69 11/ 997 67 996 

Director Trond Eklund, Cashier’s Department, Tel. +47 22 31 63 01 / 977 49 787

 

High resolution photos:

50-øre coin obverse (1 MB)

50-øre coin reverse (1 MB)

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