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1 Krone - Haakon VII Government in exile, exchangenotes

Issuer Norges Bank
Year 1942
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Printer Waterlow & Sons Limited, United Kingdom (1810-1961)
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Obverse description Black intaglio print on a green underprint ground, with the denomination numeral '1' at left flanked by value inscriptions in the corners. The issuer name and an authorising signature appear to the right, with the year '1942' printed at upper left. The overall design is restrained in character, consistent with wartime emergency exchange note production by Waterlow & Sons.
Obverse lettering 1942 1 NORGES BANK EN KRONE IFØLGE SÆRSKILT FULLMAKT WATERLOW & SONS LTD, LONDON
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Comments

Norges Bank's wartime exile series was produced in London after the German occupation of Norway in April 1940 forced the government and central bank to relocate to Britain. These notes were intended to circulate in liberated Norwegian territory — but liberation came only in May 1945, meaning the 1942-dated small denominations sat in storage for years before seeing any real use.

Waterlow & Sons had a long history of printing currency for governments-in-exile and colonial administrations, making them a natural choice. The 1 Krone was the smallest denomination in the exile series, and surviving examples in uncirculated condition are not especially rare — the notes were well-preserved precisely because so few circulated before the war ended.

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