Norges Bank

Press release

Old banknotes no longer legal tender

It is now a year since the new 1000-krone banknotes were put into circulation. The old series of 1000-krone notes will no longer be legal tender after 14 November 2020.

When a banknote has been withdrawn, it is no longer legal tender. This means, for example, that shops are no longer obliged to accept it as payment for goods. However, the note still retains its value, since it can be exchanged at Norges Bank for at least 10 years. Even though some banks (via their cash deposit machines) and shops will still accept the old series 1000-krone notes, only Norges Bank is obliged to accept old notes.

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Series VII 1000-krone banknotes are no longer legal tender from 14 November 2020.

Once the old 1000-krone banknote is withdrawn, no Series VII banknotes will be legal tender. The following list indicates the deadline for redeeming withdrawn banknotes at Norges Bank:

  • Series VII 50-krone note (Asbjørnsen): Exchanged free of charge through 18 October 2029
  • Series VII 100-krone note (Flagstad): Exchanged free of charge through 30 May 2028
  • Series VII 200-krone note (Birkeland): Exchanged free of charge through 30 May 2028
  • Series VII 500-krone note (Undset): Exchanged free of charge through 18 October 2029
  • Series VII 1000-krone note (Munch): Exchanged free of charge through 14 November 2030

Withdrawn banknotes may be sent to Norges Bank along with a completed form, see the instructions for exchange of withdrawn banknotes and coins. Funds equal to the value of exchanged note will be transferred to the account indicated on the form.

Once the Covid-19 restrictions are lifted, so that visitors are once again permitted on our premises, it will also be possible to exchange old notes at Norges Bank’s head office in Oslo or at one of the central bank depots in Tromsø, Trondheim, Bergen and Stavanger.

For more information, visit our webpage newnotes.no. You can also contact our switchboard on +47 22 31 60 00.

Contact:

Press telephone: +47 21 49 09 30
Email: presse@norges-bank.no

Published 13 November 2020 10:00
Published 13 November 2020 10:00