Norway's Ambitious New Banknotes — BP&O (2024)

Opinion by Richard BairdPosted 4 December 2014

Norway's Ambitious New Banknotes — BP&O (1)

If you consider all the tangible expressions of a country’s brand, money, with its essential function as a measure of value, could easily be considered one of the most important touchpoints. In this sense a country’s banknote is often thefirst point of physical contact with that place prior to travel. Theshape, feel, colour, language, security features, artwork and heritage of currency informs the senses and begins to build perceptions. Norway understands this, and is about to show us all a little more oftheir personality, history and culturalidentity through their new banknotes.

The story begins in the autumn of 2012; Norge Bank identified the need to enhance banknote security andensure future resistance to counterfeiting. To attract as many creative and exceptional design proposals as possible, the bank held an open competition for the design of a new banknote series. The entries were gathered and then shortlisted,witheight remaining. These designs were selected by a jury composed of five external professionals and one member of Norge Bank. Ultimately, the team selected designs from two different companies. The design titled Norwegian Living Space by Metric Designand The Beauty of Boundaries by Snøhetta.

Norway is a small country butwitha significant83,000 km coastline, the longest in Europe, dominated by huge fjords that make the country home to some of the most dramatic coastal scenery in the world.As a coastal nation with a long seafaring history, one rich in marine resources, the sea has played a fundamental role in the development of Norway’s economic prosperity and national identity as well as many recreational and culinary traditions.

It’s no surprise that Norge Bank chose “The Sea” asthe concept to underpinthe design of its new banknotes. This decision breaks the tradition of featuring portraiture, something that has been usedpreviously and extensively across many of the bank’searlier design approaches.

Norwegian Living Space by The Metric System

Norway's Ambitious New Banknotes — BP&O (2)

The Metric System’s concept, titled Norwegian Living Space, takes a figurative approach to the theme of “the Sea.” by working with illustrator Terje Tønnesen for his precise photorealistic style. Tønnesen’s illustrations achieve a nice balance between traditional and modern expression, and feature a central element based on an individual phrase for each denomination. 50 kr – The Ocean that binds us together. 100 kr – The Ocean that brings us out into the world. 200 kr – The Ocean that gives us food. 500 kr – The Ocean that gives us wealth. 1000 kr – The Ocean that brings us forward. The design is described as being well suited to theincorporation of security elements due to be included in the next stage of the design process.

Norway's Ambitious New Banknotes — BP&O (3)

Norway's Ambitious New Banknotes — BP&O (4)Norway's Ambitious New Banknotes — BP&O (5)Norway's Ambitious New Banknotes — BP&O (6)

The Beauty of Boundaries designed by Snøhetta

Norway's Ambitious New Banknotes — BP&O (7)

Snøhetta’s concept is inspired by the impact Norway’s extensive coastline has had on the country’s identity, heritage and industry. Digital meeting analog, and pixel on paper becomes a metaphor for the long boundary between land and sea. Pixellated mosaics informed bydifferent coastal detailssuch as fishing boats andoil rigs divide the denominations. The use of the Beaufort wind force scale as a bearing for establishing increments of intensity in abstraction is a particular highlight. The 50 NOK note is subtle and gentle, and incrementally increases to the strongest intensity of abstraction seen in the long shapes on the 1000 NOK note.

Snøhetta’s design is partly based on the ideas and works of German physicist, Peter Richter. In particular, there are similarities to the book The Beauty of Fractals, which features complex mathematical computer generated imagery, theseresonate throughoutthe technical detailof Snøhetta’s design.

Norway's Ambitious New Banknotes — BP&O (8)Norway's Ambitious New Banknotes — BP&O (9)

The bank’s decision to select a theme based on a salient element of the country’s natural environment communicates an important aspect of Norway’s identity without coming across as ‘nationalistic’. In this respect the approachfeels like that it is something ‘for the people’ and avoidsany overbearing notion of authority or establishmentin favour of atrustworthiness.

The competition catalogue, containing all the designs, is well worth a look, however, it is only available in Norwegian. While there are several great designs, I believe thatthe decision to combine designs submitted by Snohetta and The Metric System was an intelligent choice. Norwegian Living Space in its figurative realism captures a traditional concrete rational expression felt in our perception of physical reality, while The Beauty of Boundaries with its elegant and abstract expression, achieves an ambitious bearing with its openness to interpretation. The contrast of the two is a bold and ambitious fusion oftradition and modernity, retrospection and forward thinking.

Money has always been and will always be an idea. It’s an abstract measurement of value represented by the denomination that appears on each note. At a time when money is becoming increasinglyvirtual Norway will be the first country to graphically display the transformation of currency exchange in the digital age within its physical banknote.

Norway's Ambitious New Banknotes — BP&O (10)Norway's Ambitious New Banknotes — BP&O (11)

Norway's Ambitious New Banknotes — BP&O (2024)

FAQs

Where can I exchange old Norwegian notes? ›

You can only exchange withdrawn banknote(s) for new banknote(s) up to NOK 7 000 over the counter (no coins). You must deliver or send all amounts above NOK 7 000, including coins, to Norges Bank in Oslo.

What are the current notes for Norwegian Kroner? ›

Norwegian krone
Norsk krone (Norwegian)
Banknotes
Freq. used50, 100, 200, 500 kroner
Rarely used1000 kroner
Coins1, 5, 10, 20 kroner
22 more rows

What are the Norwegian paper bills? ›

Norwegian banknotes come in 50, 100, 200, 500 and 1000 kroner denominations.

What is the smallest banknote in Norwegian? ›

Coins come in denominations of 1, 5, 10, and 20 krone, and banknotes are divided into 50, 100, 200, 500, and 1,000 denominations.

What are the 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.

Can I take my old notes to the bank? ›

Exchanging old banknotes

Many banks accept withdrawn notes as deposits from customers. The Post Office will also accept withdrawn notes as a deposit into any bank account you can access at the Post Office. And you can always exchange withdrawn notes with us.

How much is $100 US in Norway? ›

US Dollars to Norwegian Kroner: exchange rates today
USDNOK
100 USD1,092.97 NOK
250 USD2,732.44 NOK
300 USD3,278.93 NOK
500 USD5,464.88 NOK
8 more rows

How much is $1 USD in Norwegian krone? ›

1 USD = 10.94815 NOK Aug 04, 2024 02:45 UTC

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.

Will Norway accept US dollars? ›

Local currencies

The different currencies can generally not be used across the borders. In Norway, Sweden, Denmark and Iceland, Euro and US Dollars might be accepted by bigger hotel chains but they are not commonly accepted.

What is the rarest US paper currency? ›

One of the most expensive bills is a 1891 $1,000 Silver Certificate “Mercy” Note, which is sometimes consider the “unicorn” of United States paper money, and it is estimated to draw $1.75 million to $2.25 million because there are only two of them left in the world.

Which paper bills are worth money? ›

What Old Paper Money is Valuable?
  • $1 Silver Certificates, 1935 and 1957.
  • $5 and $10 Silver Certificates, 1934 and 1953.
  • $1, $2, $5, and $100 Red Seals, 1928, 1953, 1963, 1966.
  • $2 Federal Reserve Notes.
  • "Old" Federal Reserve Notes, 1928, 1934, 1950, 1963, etc.
  • $500-$10,000 Federal Reserve Notes.
  • Gold Certificates.

What does the comma mean in Norwegian currency? ›

Clause 4: Monetary formatting

The decimal separator is COMMA <,> The thousands separator is FULL STOP <.> The grouping of large numbers is in groups of three digits. International currency symbol: NOK 543,21.

What is the Norwegian dollar called? ›

The Norwegian currency is called kroner (currency code NOK), sometimes translated as “crowns” in English.

What is the weakest banknote? ›

The world's weakest currency is considered to be either the Iranian Rial or the Venezuelan Bolívar. This is due to the high inflation levels, political conflicts and poor economic health of the countries. Visit our forex trading page for more details on the 330+ currency pairs you can trade with us.

What is the oldest bank note in the world? ›

The oldest surviving banknotes are examples of the "Da Ming tongxing baochao" (Great Ming Circulating Treasure Note), which were first printed during the reign of the Hongwu Emperor (1368–1398) – probably no earlier than 1375.

Where can I exchange Norwegian currency? ›

Where to buy Norwegian krone. It's best to get your Norwegian krone before you go, to make sure you get a good exchange rate. You can do this at your nearest TUI Store, or order them online.

Where do I exchange old foreign currency? ›

Contact a bank or credit union to make sure it has the currency or will accept foreign currency, and check what the fees are. Find exchange rates through your bank, credit union or websites such as xe.com. Check the bank's exchange rate to make sure it's fair.

Where can I bank in old notes? ›

You can take your torn or mutilated (damaged) notes to any commercial bank in Singapore where you have a bank account.

Where can I exchange foreign banknotes? ›

Visit your nearest Absa foreign exchange branch or get in touch with us here.

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