Norges Bank wins award for new banknote series
Central Banking, a news site for central banks all over the world, announced on Monday that Norges Bank has won the annual “Banknote and Currency Management Award”.
The award's panel of judges appreciated Norges Bank's efforts to redefine how its banknotes are designed, incorporating top-notch security and an innovative awareness campaign.
Christopher Jeffery, Chairman of the Central Banking Awards Committee and Editor-in-chief of Central Banking, said:
"The risk Norges Bank took in this redesign has definitely paid off. The new series combines the cutting edge in banknote design with tried and tested methods which have stood Norway in excellent stead over the decades."
The panel also emphasised the humorous information video "The Cod is Coming", with Øystein Olsen, the Governor of Norges Bank, as one of the actors.
The first two denominations of the new banknote series were launched on 30 May 2017.
"It is a great honour for us to receive Central Banking's Banknote and Currency Management Award", says Governor Øystein Olsen.
"Norges Bank's banknotes are the community's money, and our trust in the value of our notes is closely linked to our trust in each other. With this in mind, it was important for us to base the new banknote series on a design that would tell a story about us as a community of people. I believe that the design, using marine and maritime motifs, has made it easier for Norwegians to relate to the new banknotes and made them more receptive to information about the key security features", he went on to say.