Norges Bank


Problems with exchanging Norwegian krone (NOK) banknotes abroad

Recently people have experienced problems with exchanging NOK banknotes.

Some banks in Norway have become more restrictive about buying NOK banknotes from foreign banks, citing money laundering rules. This has prompted foreign banks and bureaux de change to stop accepting NOK banknotes.

This situation is not the result of decisions or actions on the part of Norges Bank. Norges Bank issues banknotes and coins to Norwegian banks and accepts deposits from Norwegian banks. Banks and other private operators are responsible for distributing banknotes and coins, including across national borders. Banks in Norway accept cash deposits. These activities are subject to general banking regulations.

In the current situation, Norges Bank recommends that Norwegians planning a trip abroad consider exchanging NOK for foreign currency before departure or using cards or other electronic means of payment during the trip itself.

Finally, we point out that Norges Bank only exchanges expired Norwegian banknotes and coins.

Edited 25 October 2023 13:00