Norges Bank

FAQs

Practical information about the introduction of the new banknotes

When the new banknotes are put into circulation, you will be able to pay using both the old and the new banknotes for a period of one year. After that, the old notes will no longer be legal tender and you will only be able to use the new ones. Norges Bank is obliged to exchange the withdrawn banknotes for at least 10 years. See the list of legal tender banknotes and withdrawn banknotes.

The new banknotes will be available at banks, in ATMs and at retail outlets once they have been put into circulation. The general public will not be able to order new banknotes from Norges Bank or to come into the Bank to exchange their old banknotes for new ones.

The new 1000-krone banknote will be launched on 14 November 2019. This completes the new banknote series.

In recent years, many of our neighbouring countries have issued new and more secure banknotes. At the same time, criminals are gaining access to increasingly advanced technology. Fortunately, counterfeit banknotes are rare in Norway. But if Norway's banknotes do not stay one step ahead in terms of security, we run the risk that counterfeiting will become a problem. That is why Norges Bank is now launching a new banknote series with new and improved security features.

Cash as a share of the total money supply in the economy is falling. Even so, it is not a certainty that deposit money will completely replace banknotes and coins. The value of banknotes and coins in circulation has remained stable over the past 10 years, and as long as the public continues to demand cash, it is Norges Bank's responsibility to produce banknotes and coins that are secure and functional.

Published 29 May 2017 12:20
Published 29 May 2017 12:20