Banknotes of the Norwegian krone

Norwegian banknotes are circulated, in addition to Norwegian coins, with a denomination of Norwegian kroner, as standard units of currency in Norway. From 1877, after the establishment of the Scandinavian Monetary Union, Norwegian banknotes of 1000, 500, 200, 100, 50, 10 and 5 kroner have been put into circulation. The first 200 kroner banknote was first published in 1994. The others have been in used since 1877. Banknotes of 5 and 10 kroner were in use until 1963 and 1983 when they were replaced by coins.

From 1917-1925 and 1940-1950 there was a shortage of small change, and 1 and 2 kroner banknotes were printed as "arbitration coins banknotes." The first edition was canceled in 1926, while the second edition was formally valid right up to 1999.

History

From 1877, after the establishment of the Scandinavian Monetary Union, and until present day, Norwegian banknotes have included 1000, 500, 100, and 50 kroner notes. In 1994 the first 200 kroner note was issued. 5 and 10 kroner notes were also used from 1877, but these were replaced by coins in 1963 and 1983 respectively.

During World War I and World War II and war aftermaths of 1917–1925 and 1940–1950, there was a shortage of change, and so 1 krone and 2 kroner notes were printed as "coin notes". The World War I edition was rendered invalid in 1926, whereas the World War II edition was technically valid until 1999. For more details see the section on historical Norwegian banknotes below.

Series VIII notes

100 kroner note

100 kroner (2017), obverse
100 kroner (2017), reverse

200 kroner note


Series VII notes

50 kroner note

50 kroner (2003), obverse
50 kroner note (2003), reverse

The 50 kroner note (1997) portrays Peter Christen Asbjørnsen (1812–1885), writer and collector of Norwegian folktales. Since 1999 the serial number has been printed with ultraviolet fluorescence. The previous edition (1984), no longer valid, portrays Aasmund Olavsson Vinje (1818–1879), poet, author, and proponent of Nynorsk. This was the first Norwegian banknote featuring the Nynorsk name of Norway, Noreg (compare with Bokmål: Norge).

The wear and tear on the 50 kroner notes has become so harsh in recent years, possibly from people not regarding them as very valuable any more, so that their maintenance cost is becoming a problem for the Bank of Norway. The 50 kroner note may well be replaced by a 50 kroner coin in the not too distant future.

100 kroner note (outdated)

100 kroner (1995), obverse
100 kroner (1995), reverse

The 100 kroner note (1997) portrays Kirsten Flagstad (1895–1962), opera singer and first director of the Norwegian National Opera. In 2003 this note was upgraded with a holographic metal foil stripe. The previous edition (1979), no longer valid, was the first Norwegian banknote featuring a woman: Camilla Collett (1813–1895), author, feminist activist, sister of Henrik Wergeland (author and poet), and daughter of Nicolai Wergeland (priest and co-founder of the Norwegian constitution). Camilla actually replaced her brother on the 100 kroner note, where he had been the motif since 1949.

200 kroner note (outdated)

200 kroner (2002), obverse
200 kroner (2002), reverse

After considerable inflation during the 1970s and 1980s,[1] there was need for a denomination between 100 kroner and 1000 kroner in addition to 500 kroner, and so the first Norwegian 200 kroner note was issued in 1994. It portrays Kristian Birkeland (1867–1917), magnetism researcher, inventor, and co-founder of Norsk Hydro. In 2002 this note was upgraded with a holographic metal foil stripe.

The front of the 200 kroner note shows a portrait of Kristian Birkeland against a stylized pattern of the aurora borealis and a very large snowflake. Birkeland's terrella experiment, which consisted of a small, magnetized sphere representing the Earth suspended in an evacuated box, is shown on the left. When subjected to an electron beam a glow of light would appear around the magnetic poles of the terrella, simulating the aurora.

The back of the 200 kroner note shows a map of the north polar regions including Scandinavia to the right and northern Canada to the left. A ring encircling the magnetic dip pole (located near Resolute, Canada) symbolizes the location of auroral phenomena including the satellite-determined statistical location of Birkeland currents. Birkeland's original depiction of field-aligned currents published in 1908 is shown in the lower right corner.

500 kroner note

500 kroner (1999), obverse
500 kroner (1999), reverse

The 500 kroner note (1999) portrays Sigrid Undset (1882–1949), author and winner of the Nobel Prize in literature in 1927. The note features a holographic metal foil stripe and other security measures. The previous edition (1991), no longer valid, portrays Edvard Grieg (1843–1907), world-renowned national romantic composer and pianist.

The use of the 500 kroner note has increased in recent years, especially after it was introduced to automatic teller machines along with the 200 kroner note. Conversely, the 100 kroner note has been partly displaced from ATMs, and its use has decreased.[2]

1000 kroner note

1000 kroner (2001), obverse
1000 kroner (2001), reverse

The 1000 kroner note (2001) portrays Edvard Munch (1863–1944), expressionist painter and graphic artist. The note features a holographic metal foil stripe and other security measures. The previous edition (1990), no longer valid, portrays Christian Magnus Falsen (1782–1830), a co-founder of the Norwegian constitution.

The most valuable Norwegian banknote has always been the 1000 kroner note, but its value has been decimated during the years. In 100 years from 1904 to 2004 the value of 1000 kroner has decreased 55−fold, from more than 4000 loaves of bread to less than 70 loaves. (The price of a bread in 2004 was approximately 15 kroner, and the consumer price index in said period increased from 2.0 to 113.3.[3])

New banknotes

The new design was introduced on 30 May 2017, and will be fully implemented by the fourth quarter of 2019. The designs are by The Metric System and Snøhetta and use an abstract geometric design influenced by the Beaufort scale.[4][5]

Series VIII notes (2017-)[6]

ValuePrintedInvalidTheme: "The Sea" - Main obverse motifTheme: "The Sea" - Main reverse motif
1,000 kr2019−-Motif: Wave in the sea. Signal flag: Letter E.Pixel motif: Horizon. Cubic pattern: 20.8 m/s. Organic pattern: Strong gale. High waves. Dense foam is blown along wind direction.
500 kr2018−-Colin Archer, boat design. Anders Beer Wilse, photographer. Linn Krogh Hansen, photographer. Signal flag: Letter G.Pixel motif on the horizon: Oil platform. Cubic pattern: 13.9 m/s. Organic pattern: High wind. Sea heaps up, white foam from breaking waves.
200 kr2017−-Motif: Cod and herring. The background drawing shows mesh from a fishing net. Signal flag: Letter N.Pixel motif on the horizon: Fishing boat. Cubic pattern: 8 m/s. Organic pattern: Fresh breeze. Wave heights of 1 m or more.
100 kr2017−-Motif: The Gokstad ship from the 800s, with the Norwegian-designed X-Bow hull developed by Ulstein Design & Solutions AS in the background. Signal flag: Letter O.Pixel motif on the horizon: Cargo ship. Cubic pattern: 3.4 m/s. Organic pattern: Gentle breeze. Crests begin to break.
50 kr2018−-Motif: Utvær Lighthouse in Sogn og Fjordane, Norway's westernmost point. Signal flag: Letter R.Pixel motif on the horizon: Lighthouse on the horizon. Cubic pattern: 1.6 metres per second (m/s). Organic pattern: Light breeze, gentle waves.

Historical Norwegian banknotes

All Norwegian notes issued since 1877 are listed below in reverse chronological order. The notes have been issued in series starting with series I in 1877 and going on series VII from 1994. As of 2012 only series VII is in circulation, while series VI is convertible at the central bank until November 1, 2012.

The world wars created great need for cash. In 1917 a law was passed to allow for 1 krone and 2 kroner "coin notes" in response to a pledge from the Bank of Norway to the Ministry of Finance:

The board of directors at the Bank of Norway has in writing on the 8th September 1917 informed the Ministry that the shortage of change has now become outright intolerable. One company after another complain that they cannot arrange the agreed salaries for their workers, and the merchants cannot change their customers' banknotes.

Subsequently, coin notes were printed until 1925 but were invalidated already in 1926 when the economy had stabilised after World War I. Coin notes of 1 krone and 2 kroner were also printed during World War II (1940−45) and up until 1950. These were not invalidated after the war. However, the complete series II printed 1901−45 was rendered invalid on 9 September 1945 and those who could not readily justify their amount of cash were only given limited compensation in new money. This was done to diminish the impact of war profiteering.

5 kroner and 10 kroner notes were used from 1877 but were replaced by coins in 1963 and 1983, respectively, based on cost-benefit analyses. Apart from the World War I coin notes in 1926 and the series II notes in 1945, all Norwegian banknotes from series I through series V, including 5 kroner and 10 kroner notes, plus the World War II coin notes, were technically valid – i.e. convertible at the Bank of Norway – all the way until 1998 (series I) and 1999 (series III, IV, V, and the World War II coin notes). The 1000 kroner and 500 kroner notes of series V were valid until 2001 and 2002 respectively.

Series VII notes (1994-2020)

ValuePrintedInvalid[7]Main obverse motifMain reverse motif
1,000 kr2001−20192020Edvard Munch, painterExcerpt from Munch's wall painting The Sun
500 kr1999−20182019Sigrid Undset, author, Nobel laureateA wreath symbolising volume 1 The Wreath from Undset's trilogy Kristin Lavransdatter
200 kr1994−20172018Kristian Birkeland, scientistThe north pole region with aurora borealis and Birkeland currents
100 kr1995−20172018Kirsten Flagstad, opera singerMain hall of Folketeatret, formerly the venue of the Norwegian National Opera
50 kr1996−20182019Peter Christen Asbjørnsen, folktale collectorWater lilies in tarn, inspired by the folktale Summer night in Krogskoven

Series VI notes (1979–2001)

ValuePrintedInvalidMain obverse motifMain reverse motif
1,000 kr1990−20012012Christian Magnus Falsen, constitution co-founder17th century oven plate
500 kr1991−20002012Edvard Grieg, composer, pianistOld flower ornament
100 kr1979−972012Camilla Collett, author15th century silver buckle
50 kr1985−972012Aasmund Olavsson Vinje, author, poetDetail from the Hylestad church portal

Series V notes (1962-85)

ValuePrintedInvalidMain obverse motifMain reverse motif
1,000 kr1975−812001Henrik Ibsen, playwrightPeder Balke's painting Lighthouse at Vardø
500 kr1978−852002Niels Henrik Abel, mathematicianOriginal main buildings of the University of Oslo
100 kr1962−771999Henrik Wergeland, author, poetOscar Wergeland's painting Constituent Assembly at Eidsvoll
50 kr1966−831999Bjørnstjerne Bjørnson, author, Nobel laureateBorgund stave church
10 kr1972−841999Fridtjof Nansen, humanist, Nobel laureateNils Flakstad's sculpture The Fisherman

Series IV notes (1948-76)

ValuePrintedInvalidMain obverse motifMain reverse motif
1,000 kr1949−751999Henrik Ibsen, playwrightEdvard Munch's painting The Tale
500 kr1948−761999Niels Henrik Abel, mathematicianPurpose-made industrial motif by Reidar Aulie
100 kr1949−621999Henrik Wergeland, author, poetErik Werenskiold's painting Timber Rafters
50 kr1950−651999Bjørnstjerne Bjørnson, author, Nobel laureateHugo Lous Mohr's painting Harvesting Cereal
10 kr1954−731999Christian Michelsen, shipowner, Prime Minister 1905−1907Ships making headway, from drawing by Henrik Sørensen, and the god Mercury
5 kr1955−631999Fridtjof Nansen, humanist, Nobel laureateFishing village in Lofoten, from painting by Axel Revold

Series III notes (1945-55)

ValuePrintedInvalidMain obverse motifMain reverse motif
1,000 kr1945−491999Wilhelm Frimann Koren Christie, Speaker of the Storting 1815 and 1818Nidaros Cathedral
100 kr1945−501999Norwegian Coat of Arms«Bank of Norway» and denomination
50 kr1945−511999Norwegian Coat of Arms«Bank of Norway» and denomination
10 kr1945−541999Norwegian Coat of ArmsDenomination
5 kr1945−551999Norwegian Coat of Arms«Bank of Norway» and denomination

"Coin notes" (1917-50)

ValuePrintedInvalidMain obverse motifMain reverse motif
2 kr1940−501999«Bank of Norway» and denominationDenomination
1 kr1940−501999«Bank of Norway» and denominationDenomination
2 kr1918−251926«Bank of Norway» and denominationNorwegian Coat of Arms on an Olav Rose
1 kr1917−251926«Bank of Norway» and denominationNorwegian Coat of Arms on an Olav Rose

Series II notes (1901-45)

ValuePrintedInvalidMain obverse motifMain reverse motif
1,000 kr1901−451945Wilhelm Frimann Koren Christie and Peter Wessel Tordenskiold, admiralNidaros Cathedral in Trondheim
500 kr1901−451945ChristieAkershus Castle in Oslo
100 kr1901−451945Christie and TordenskioldHaakon's Hall in Bergen
50 kr1901−451945ChristieConstituent Assembly Building at Eidsvoll
10 kr1901−451945Christie and TordenskioldAn Olav Rose
5 kr1901−451945ChristieAn Olav Rose

Series I notes (1877–1901)

ValuePrintedInvalidMain obverse motifMain reverse motif
1,000 kr1877−19011998Oscar II, king of Sweden and NorwayDenomination
500 kr1877−19011998Oscar IIDenomination
100 kr1877−19011998Oscar IIDenomination
50 kr1877−19011998Oscar IIDenomination
10 kr1877−19011998Oscar IIDenomination
5 kr1877−19011998Oscar IIDenomination

Source: Bank of Norway

See also

References

  1. ↑ Norges Bank. "Withdrawn notes and coins". Norges Bank. Retrieved 12 January 2013.
  2. ↑ "Norges Bank". Norges-bank.no. Archived from the original on 2011-08-10. Retrieved 2011-09-05.
  3. ↑ "Tabell 1. Konsumprisindeksen fra 1865. 1998 = 100" (in Norwegian). Ssb.no. Archived from the original on 5 October 2010. Retrieved 2010-09-19.
  4. ↑ It's Nice That, http://www.itsnicethat.com/articles/snohetta
  5. ↑ Norges nye seddelserie: Havet
  6. ↑ http://www.norges-bank.no/Sedler-og-mynter/Ny-seddelserie/ New banknote series from Norges Bank
  7. ↑ http://www.norges-bank.no/Sedler-og-mynter/Ny-seddelserie/Nar-kommer-de-nye-sedlene/ When will the new banknotes come?
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.