Can I still use or exchange old Norwegian banknotes?
Which notes are valid, where to exchange them and the limits.
Short answer
Old banknotes from series VII and earlier are no longer legal tender, but Norges Bank exchanges series IV to VII notes at face value free of charge. Shops and banks do not have to accept them. You can exchange up to NOK 7,000 at Norges Bank's offices in Oslo, Bergen, Trondheim and Tromsø, or send any amount by post.
Why
- Norges Bank announced on 13 November 2020 that once the old 1000-krone note was withdrawn, no series VII banknotes would be legal tender.
- Today's legal tender notes are the 50, 100, 200, 500 and 1000-krone notes of series VIII, introduced between 2017 and 2019.
- Norges Bank says it currently has no time limits for exchanging withdrawn notes and coins, and charges no fee for the exchange.
Details
The offices only exchange series VII notes and do not take coins, so older series and coins are sent by post using the online or paper form. A copy of photo ID is required above NOK 1,000, and a certified copy from NOK 8,000. Norges Bank can pay into a foreign account if it accepts payments in NOK, but your bank converts the amount and may charge fees.
Tip
Check Norges Bank's list before you send anything: notes from series I, II and III are no longer exchanged.
What may differ
Some withdrawn coins can also be exchanged: the 50-øre coin from 1996–2011, 5-krone coins from 1963–1997 and 10-krone coins from 1983–1991.
Common misconception
Old Norwegian banknotes are worthless now.
What actually happens
They can no longer be used in shops, but notes from series IV to VII keep their face value and can be exchanged at Norges Bank.
People also ask
- Where can I exchange old Norwegian banknotes?
- Are old Norwegian banknotes still valid?
Sources
This answer is for reference only. Exchange rules can change, so check Norges Bank before you send in old notes.
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You find the IBAN for your Norwegian account in your bank's online bank or app under the account details, and also on your account statement.
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Hotels and car rental companies reserve money on your card as security, and the reservation is released once the final amount is settled.
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To pay a Norwegian invoice from abroad, make an international transfer to the payee's IBAN and BIC and enter the KID number as the payment reference.
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Yes, banks such as DNB charge an annual fee for an adult debit card, currently NOK 295 a year, while cards for children and young people are free.