The National Bank of Denmark reiterated that DKK 1,000 banknotes and notes from the 1944, 1952, 1972 and 1997 series can only be exchanged until 31 May 2026, after which they will be worthless, with only the 2009 series remaining valid in Denmark and Greenland. Exchanges must be conducted in person at the National Bank of Denmark’s three FOREX-operated exchange points or at local banks in Greenland and the Faroe Islands, with written declaration and valid photo identification required.
Policy & regulationRules & requirementsCurrency and cash management
The National Bank of Denmark announced that DKK 1,000 banknotes and banknotes from the 1944, 1952, 1972 and 1997 series can be exchanged only until 31 May 2026, after which they will be worthless. These notes have been invalid as a means of payment since 31 May 2025, and after the deadline only banknotes from the current 2009 series will have value and remain valid in Denmark and Greenland.
Exchange is available at the National Bank of Denmark’s three banknote exchange points operated by FOREX in Aarhus, Odense and Copenhagen, and requires physical presence, a written declaration and valid photo identification for individuals and companies, Danish or foreign. Since exchanges began on 30 November 2023, DKK 21.1 billion has been redeemed; since the start of 2026, the exchange points have processed 9,257 exchanges totalling DKK 46 million, with DKK 3.3 billion still outstanding. In Greenland and the Faroe Islands, the banknotes can also be exchanged at local banks up to the end of May 2026.
The National Bank of Denmark reports sharply rising demand at its three exchange points ahead of the 31 May 2026 deadline to submit DKK 1000 banknotes from the 2009 and older series, after which they become invalid and worthless. Since November 2023, total submissions have reached DKK 21.1 billion, with more than 43,000 submissions and over DKK…
The National Bank of Denmark completed the first phase of its banknote recall, with over DKK 20bn in affected notes returned by 31 May 2025, including 93% of DKK 1,000 notes. The second phase, ending 31 May 2026, requires in-person exchanges at designated locations, with unreturned notes losing face value thereafter.
The National Bank of Denmark has introduced an online registration option for citizens to file claims to redeem banknotes that will become worthless after 31 May 2026, supplementing in-person registration at existing exchange points. The measure aims to ease heavy demand and long queues, particularly in Copenhagen, with claims registered online…