1 June 2026
1000-krone banknotes from the 2009 series and all banknotes from the older banknote series from 1944, 1952, 1972 and 1997 are now worthless and can no longer be redeemed at Danmarks Nationalbank. The recall has lasted 2.5 years and is the largest recall of Danish banknotes since World War II.
By the deadline of 31 May 2026, banknotes worth more than kr. 21.2 billion had been deposited with Danmarks Nationalbank. This corresponds to 87 per cent of the total amount recalled.
A total of kr. 20.1 billion of 1000-krone banknotes from the 2009 series was handed in, which corresponds to 96 per cent of the total amount of kr. 21.1 billion in 1000-krone banknotes. The exchange of older banknote series has been smaller. In total, more than kr. 1 billion in older banknotes has been handed in, which corresponds to 30 per cent of the total value of the recalled older banknotes.
”It is two and a half years since we announced the recall. So, it has been a long process where the banknotes could first be used as legal tender for a year and a half and then could be handed in at Danmarks Nationalbank's banknote exchange points for an additional year. Overall, the banknote recall has proceeded satisfactorily. We base this on the size of the amount submitted, the high level of awareness, the generally smooth process surrounding the exchanges and the close cooperation with relevant partners in the sector," says Niels Kaas, Chief Cashier at Danmarks Nationalbank.
The majority was handed in while legal tender in shops and banks
The majority of the recalled banknotes were handed in or used while they were legal tender in shops and banks until 31 May last year.
In the past year, when it has been possible to hand in banknotes at one of Danmarks Nationalbank's three banknote exchange points in Aarhus, Odense and Copenhagen as well as via banks in Greenland and the Faroe Islands, significantly fewer banknotes were handed in.
The final exchange numbers may be slightly higher
All requests for exchanging banknotes received by Danmarks Nationalbank before the deadline will be processed.
"For the vast majority of the period, it was very quiet at the banknote exchange points. But right up to the deadline, a lot of people visited the banknote exchange points – so many that we could not keep up with the processing of cases. Therefore, many of the attendees had their cases registered, and we opened for online registration in the last few days. All the registered cases will be processed and finalised in the coming months," says Niels Kaas, Chief Cashier at Danmarks Nationalbank.
Approximately 7,000 citizens and companies who managed to contact Danmarks Nationalbank before the deadline – either physically at the banknote exchange points or digitally – will be contacted directly by FOREX or Danmarks Nationalbank for a specific arrangement for finalising the case and physical hand-in of banknotes.
Read more
Find more figures and information about Danmarks Nationalbank's expectations for exchanging, etc. at nationalbanken.dk/nytomindkaldelse(in Danish only).
For further information please contact press officer Peter Levring on e-mail pnbl@nationalbanken.dkor phone +45 2620 1809.