The National Bank of Denmark has announced the end of its recall of 1000-krone banknotes from the 2009 series and all banknotes from the 1944, 1952, 1972 and 1997 series. From 1 June 2026 these notes are worthless and can no longer be exchanged. By the 31 May 2026 deadline, more than DKK 21.2 billion had been exchanged, equal to 87 per cent of the DKK 24.5 billion recalled. More than DKK 20.1 billion of the recalled 1000-krone notes was returned, or 96 per cent of the DKK 21.1 billion outstanding, while more than DKK 1 billion of older banknotes was handed in, or 30 per cent of that category. Most exchanges took place before the notes ceased to be legal tender on 31 May 2025, mainly through banks, retailers and cash machines, with the central bank's three exchange points handling more than 47,000 transactions after opening in December 2024. The National Bank of Denmark said the recall proceeded satisfactorily and that the remaining unreturned amounts were in line with its February 2025 expectations. The reported total is expected to rise as transactions submitted by the deadline are completed, including cases registered online from 29 to 31 May 2026 that still require post-processing and physical submission.
National Bank of Denmark2026-06-01
National Bank of Denmark ends banknote recall with DKK 21.2 billion exchanged as withdrawn notes become worthless
The National Bank of Denmark has completed its recall of 1000-krone banknotes from the 2009 series and all banknotes from the 1944, 1952, 1972 and 1997 series, which became worthless and non-exchangeable from 1 June 2026. By the 31 May 2026 deadline, more than DKK 21.2 billion, or 87 per cent of the DKK 24.5 billion recalled, had been exchanged, with the bank stating the recall proceeded as expected and that reported totals will rise as pending transactions are processed.