Banknotes and coins in figures


Abstract icon The value of banknotes and coins in circulation was kr. 74.5 billion at the end of 2020. This was kr. 4.0 billion up on the previous year and equal to an increase of 5.6 per cent. The value of banknotes in circulation was kr. 68.4 billion, of which Faroese banknotes in circulation constituted kr. 0.5 billion. The total value of coins in circulation was unchanged at kr. 6.1 billion.

Counterfeiting of Danish banknotes remains very limited. The number of registered counterfeit banknotes rose from 672 in 2019 to 727 in 2020. Of these, 409 were found in circulation.

Banknotes in circulation 2020

​1000-kr.​500-kr.​200-kr.​100-kr.​50-kr.​Total*

Kr. million
​30,068​24,155​7,635​4,600​1,262​68,389
Note*: End of year. Banknotes in circulation as stated on Danmarks Nationalbank's balance sheet furthermore includes the special banknotes in circulation on the Faroe Islands (at 31 December 2020 kr. 477.4 million) and 20-, 10- and 5-krone banknotes (at 31 December 2020 kr. 191.8 million)
 
Coins in circulation 2020*
​20-kr.​10-kr.​5-kr.​2-kr.​1-kr.​50-øre​Total**

Kr. million​
​2,593​1,233
621

552

371
​194


6,134

Note*: The figures may not add up to the totals stated due to rounding.
Note**: End year. The figure for coins in circulation on Danmarks Nationalbank's balance sheet includes 3,000-krone gold coins (kr. 6.8 million), 1,000-krone gold coins (kr. 15.3 million), 500-krone silver coins (kr. 60.9 million), 200-krone commemorative coins (kr. 97.3 million), and 100-krone Polar coins (kr. 6.8 million) as well as older type of 10-kr., 5-kr., 2-kr. and 1-kr. (kr. 372.2 million).
 
Unlike coins, banknotes have a limited lifetime. To maintain a high quality of banknotes in circulation, the banknotes must be replaced before they become too worn or dirty. The lifetime of a banknote increases with its value, since small denominations are circulated faster than larger denominations and consequently worn faster. While a 50-krone banknote usually has to be replaced after around three to four years, the lifetime of a 1000-krone banknote is normally at least 10 years.