Norway selects paper money design theme
- Published: Dec 25, 2013, 7 PM
The Norges Bank, or Bank of Norway, is preparing to launch a design competition for a new series of paper money.
Bank officials recently selected “The Sea” as the design theme for the notes.
The competition will be run in two stages; first the bank will hold a pre-qualification competition and then hold a final competition among five to eight participants to select the winning design, according to the bank Dec. 2.
The design theme reflects the sea’s “importance for Norway’s business sector and economic prosperity,” according to the news release. The theme will be reflected on the face and the back of the notes, and will break with the tradition of using portraits.
“We have chosen a theme we consider to be original and particularly relevant for Norway, which is a small country but a major coastal nation. Norway has a total coastline of [83,000 kilometers], the longest in Europe. The use of marine resources, combined with the use of the sea as a transport artery, has been crucial to the development of Norway’s economy and society,” Trond Eklund, director of Norges Bank’s Cashier’s Department said.
Bank officials have been planning the new bank note series since the fall of 2012. This will be the eighth series of kroner notes. According to the news release, a need exists to enhance bank note security to ensure that current and future Norwegian bank notes are resistant to counterfeiting.
The current denomination breakdown of 50-, 100-, 200-, 500-, and 1,000-krone notes and the current main colors will be retained for the new series. All the notes, which will be printed on cotton paper, will be 70 millimeters in height, but the width will increase with each denomination by 7 millimeters. This means that the 50-krone note will be 126 millimeters wide, while the 1,000-krone note will be 154 millimeters wide.
No date was given for the notes’ release, but officials said “developing a new banknote series is a complicated and demanding project that will extend over several years.” ¦