Faroese banknotes

Abstract icon In 2012, Danmarks Nationalbank issued an updated version of the Faroese banknote series with new security features. The motifs are Faroese animals and Faroese landscapes.

The common motif on the notes depicts Faroese animals. On the face of the notes the animals are shown as fragments. On the reverse, watercolours of Faroese landscapes by the Faroese artist Zacharias Heinesen are reproduced. The fauna motifs contribute life and variation to the notes, while the watercolours lend a special quality of lightness.

Security features
Among the security features are a window thread with a moving wave pattern. A new special symbol on face and reverse and on the reverse of the note a mother-of-pearl thread and fluorescent colour is added.

Old banknotes
The old Faroese banknotes are still legal tender, but will gradually be withdrawn from circulation.

Act on Faroese banknotes
The printing of Faroese banknotes is done according to the law governing banknotes in the Faroe Islands (from 1949). Pursuant to the law Danmarks Nationalbank must produce special Faroese banknotes carrying Faroese text. However, the denominations and the formats of the banknotes shall be the same as the banknotes that are put in circulation in Denmark.

The currency in the Faroe Islands is 1 króna and the exchange rate to the Danish banknotes is 1:1. The Faroese banknotes are regarded as a foreign currency in Denmark thus they are not legal tender in Denmark, nor are Danish banknotes legal tender in the Faroe Islands. However, Faroese banknotes can be encashed to Danish banknotes free of charge at Danmarks Nationalbank in the same way as Danish banknotes can be encashed to Faroese banknotes in the Faroe Islands.The coins in the Faroe Islands and in Denmark are the same.