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

How do I exchange old Norwegian banknotes? ›

You can only deliver the banknote(s) and coin(s) at Norges Bank in Oslo and have the amount transferred to your account. No appointment is needed. You can only exchange withdrawn banknote(s) for new banknote(s) up to NOK 7 000 over the counter (no coins).

What are the Norwegian krone notes today? ›

current Norwegian Kroner banknotes
  • 50 Norwegian Kroner banknote (Utvær Lighthouse) ...
  • 100 Norwegian Kroner banknote (Gokstad Ship) ...
  • 200 Norwegian Kroner banknote (Cod and Herring) ...
  • 500 Norwegian Kroner banknote (Rescue Lifeboat RS 14 Stavanger) ...
  • 1000 Norwegian Kroner banknote (sea wave)

What is the currency note of Norway? ›

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.

What money currency is used in Norway? ›

The currency in Norway is Norwegian kroner, abbreviated to NOK. You will not normally be able to pay for goods and services in Norway in another currency. Most Norwegians pay for everything by credit card, and Visa and Mastercard are accepted almost everywhere.

Can I exchange old banknotes at any bank? ›

Banks that allow you to exchange paper notes will generally allow you to deposit the money into the account that you hold with them. Banks and building societies happy to exchange the old notes include Halifax, Lloyds, Nationwide, Barclays, NatWest and Santander - though keep in mind they may have a cut-off date.

Where can I exchange old notes for cash? ›

Members of the public wanting to exchange mutilated banknotes and banknotes withdrawn from circulation can do so at selected Commercial Bank from 1 February 2018 onwards.

How much is $1 USD in Norwegian Krone? ›

1 USD = 10.9035 NOK Apr 24, 2024 01:14 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

Why is Norwegian Krone so weak? ›

It is no surprise that fluctuations in the oil price has profound impacts on the Krone as Norway is heavily reliant on oil exports. It is indisputable that oil price volatility contributes to a certain degree to the uncertainty in Norway's economic outlook, as well as in the value of the Krone.

How much is a 1 krone coin worth in us dollars? ›

Download Our Currency Converter App
Conversion rates Norwegian Krone / US Dollar
1 NOK0.09139 USD
5 NOK0.45696 USD
10 NOK0.91391 USD
20 NOK1.82783 USD
8 more rows

How much is $100 US in Norway? ›

Download Our Currency Converter App
Conversion rates US Dollar / Norwegian Krone
100 USD1,091.29000 NOK
250 USD2,728.22500 NOK
500 USD5,456.45000 NOK
1000 USD10,912.90000 NOK
8 more rows

Can you use US dollars in Norway? ›

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.

Is Norway very expensive? ›

You may have heard that Scandinavia is famously expensive for tourists. High Norwegian salaries mean both the standard and cost of living in Norway is higher than many countries. While Norway does live up to its reputation of being an expensive place to visit, you can definitely enjoy an affordable Norway vacation.

How much is $1000 US in Norway? ›

US Dollars to Norwegian Kroner: exchange rates today
USDNOK
1,000 USD10,992.47 NOK
2,000 USD21,984.94 NOK
5,000 USD54,962.35 NOK
10,000 USD109,924.71 NOK
8 more rows

What is the major religion in Norway? ›

Religion in Norway is dominated by Lutheran Christianity, with 63.7% of the population belonging to the Evangelical Lutheran Church of Norway in 2022. The Catholic Church is the next largest Christian church at 3.1%. The unaffiliated make up 18.3% of the population.

Do they speak English in Norway? ›

As is the case across Scandinavia, English is widely spoken in Norway. It may be their second language, but many Norwegians speak it like natives. When Norwegians aren't impressing you with their English skills, they'll want to show you their country's incredible nature, something which Norway is renowned for.

Where can I exchange Norwegian currency? ›

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. Also check out our handy multi-currency TUI Travel Money card.

Do banks exchange old foreign currency? ›

Your local bank or credit union is likely to exchange currency for a small fee. It may be possible to deposit foreign money into your bank account.

Where can I sell my Norwegian krone? ›

Currency Online Group are offering the best Norwegian krone buyback rate right now at 14.83. At this rate, 1 Norwegian krone is worth £0.07. You'll need to place your order online to get this rate which is based on a comparison of 4 foreign exchange companies and assumes you were selling 2000 Norwegian kroner by post.

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