Exchange of withdrawn notes and coins
Norges Bank may decide that banknotes and coins shall be withdrawn from circulation (cf Section 15 of the Norges Bank Act). The decision is announced in the Norsk Lovtidend (Norwegian Legal Gazette) and major national newspapers in Norway.
Following the announcement, the notes and coins continue to be legal tender and may be used in the normal manner for one year. After this period, Norges Bank is obliged to redeem the notes and coins for an additional ten years.
You should contact Norges Bank or your local bank in Norway if you wish to exchange withdrawn notes and coins for legal tender during the 10-year period. This currently applies to:
- 50-øre coins issued in the period 1996-2011 (can be exchanged free of charge through 30 April 2022)
- Series VII 50-krone note (can be exchanged free of charge through 18 October 2029)
- Series VII 100-krone note (can be exchanged free of charge through 30 May 2028)
- Series VII 200-krone note (can be exchanged free of charge through 30 May 2028)
- Series VII 500-krone note (can be exchanged free of charge through 18 October 2029)
Even though it has been more than eleven years (1 + 10) since the announcement of the withdrawal, Norges Bank will continue to redeem the following withdrawn notes and coins. A fee will be charged:
- Banknote series IV (1948-76)
- Banknote series V (1962-89)
- Banknote series VI (1977-99)
- 5-krone coins (1963-97) and 10-krone coins (1983-91)
If you wish to exchange withdrawn banknotes or coins, please read the exchange guidelines. Norges Bank exchanges banknotes and coins at face value. Older denominations may have collector's value. A coin dealer will be able to advise you.
Temporary closure of exchange
An increased risk of infection due to coronavirus and an increased level of emergency preparedness necessitates temporary closure of the premises for the exchange of withdrawn banknotes in the expedition at Norges Bank's head office in Oslo and at the depots in Bergen, Stavanger, Trondheim and Tromsø. Forms and withdrawn banknotes sent by post will be processed as normal.