The National Bank of Denmark has initiated a final public campaign urging the return of DKK 1,000 banknotes and older series before their withdrawal from legal tender on 31 May 2025. Despite DKK 20.6 billion already returned, DKK 4.6 billion remains in circulation. Post-withdrawal, expired notes can be redeemed for 12 months at designated depositing points.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
The National Bank of Denmark has launched a final public campaign urging citizens to hand in DKK 1,000 banknotes and older banknote series ahead of their withdrawal from legal tender status on 31 May 2025. The phase-out covers the 1944, 1952, 1972 and 1997 banknote series alongside the DKK 1,000 note.
Since the withdrawal was announced, banknotes worth DKK 20.6 billion have been handed in, but DKK 4.6 billion remains in circulation and cannot be used after 31 May 2025. The four-week campaign uses TV and radio spots and advertising in train stations, with support from retail chains, banks and municipalities; it begins on 14 April in Denmark and on 28 April in Greenland and the Faroe Islands, with an expected reach of 95% of adults more than five times.
After 31 May 2025, the expired banknotes can still be redeemed for 12 months at the National Bank of Denmark’s three depositing points in Aarhus, Odense and Copenhagen.
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 estimates that approximately DKK 3 billion in older banknotes and current DKK 1,000 notes will remain unredeemed before the final redemption deadline, with the recalled notes remaining legal tender until 31 May 2025 and exchangeable until 31 May 2026. A public information campaign is planned for spring 2025 to…
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…