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Faroese get their own banknotes

During the war the Faroe Islands were isolated from Denmark, but in November 1948 they again became part of the Danish currency area. By the Act of April 12, 1949 on Faroese banknotes is was decided that the Faroe Islands would have their own banknotes, to be covered in full by payment of Danish kroner to a special account with Danmarks Nationalbank. The Faroese banknotes are produced at Danmarks Nationalbank's Bankote Printing Works and put into circulation by Danmarks Nationalbank via two cash depots with the Faroese banks.

Last update: 05/09/2011

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