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.