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Stamps and collecting

1 October 2016 - Central Bank of Norway's 200th Anniversary

This year marks the 200th anniversary since the two year old Parliament decided to establish a central bank for the new nation.

After Denmark denied Norway its own monetary system, Norwegian Parliament passed a bill to establish Norway’s own central bank.

 

NK1942
NK1942 – Speciedale coin from 1816, Speciedaler notes (series 1866–1876) and three 100-krone banknotes (series 1877–1899, 1901–1945 and 1949–1962)

 

On 14 June 1816 Norges Bank was founded, and two hundred years later it has five primary tasks. The first is the exclusive right to issue banknotes in Norway. The second is to be “the bank of the banks”. Norges Bank shall also guarantee payment conditions between us and other countries, and it manages the Government Pension Fund Global. The Central Bank Act also states that the bank shall ensure that we have effective payment systems.

 

NK1943
NK1943 – Architectural drawing of Central Bank's building in Oslo

 

Norges Bank was initially located in Trondheim, but in 1893 it moved to Kristiania. In 1906, a new building was completed in the capital. Today, the Museum of Contemporary Art holds its exhibitions in the old bank, since a new building for Norges Bank, which was designed by the architects Kjell Lund and Nils Slaato, was completed on Bankplassen in 1986. The building covered an area totalling 60,000 sq m and became a point of debate since it challenged existing notions. When the building was finished in 1986, it had cost NOK 2.8 billion.

Facts:

NK 1942-1943
Date of issue: 1 October 2016
Values and subjects: Kr 21.00: Speciedaler coin and banknotes Kr 50.00: The Central Bank Headquarters
Design and engraving: Sverre Morken
Method of printing: Recess/ offset
Printing house: Joh. Enschedé Security Print