One billion dollars in 1,000-kroner bills were deposited in June

256 million DKK in obsolete 1000-kroner bills were deposited at the National Bank alone in June.

However, there are still 1.1 billion DKK worth of 1000-kroner bills in circulation in society, after the bill type became invalid at the end of May.

This is reported by the National Bank in a report Tuesday.

In total, 95% of 1000-kroner bills have been deposited at the National Bank, it sounds.

May 31 was the last day, where 1000-kroner bills and banknotes from older series were valid as a means of payment.

The National Bank began to call the bills back in November 2023.

This concerned bills from series 1944, 1952, 1972 and 1997, as well as the 1000-kroner bill from the current 2009 series.

In total, bills worth 20.8 billion DKK have been deposited by the end of June.

- If one did not manage to use their older bills or 1000-kroner bills before May 31, one can still redeem the bills at the National Bank's deposit locations in Aarhus, Odense and Copenhagen, says the National Bank's chief cashier, Niels Kaas.

The deposit locations accept the bills until May 31, 2026.

Citizens, businesses, and foreigners can redeem the invalid banknotes physically at the National Bank's three deposit locations, which are operated together with the payment institution Forex.

According to the National Bank's website, there have therefore been a special cash register created in three of Forex's Danish stores, where one can redeem the bills that have become invalid as a means of payment.

The National Bank expects to gain more clarity over the coming time about the deposit and the amount of the invalid banknotes.

This is due to a certain delay in the process, from the bills being used in stores, deposited in banks, and finally delivered to the National Bank's deposit locations.

/ritzau/

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