Norway's 1000-krone note was the highest denomination in everyday circulation during the 1990s, and its long print run across nearly a decade reflects the Norges Bank's conservative approach to note redesign — the same basic security specification remained in use well past the point where comparable European central banks had moved to upgraded substrates or holographic strips.
Hermod Skånland served as Norges Bank governor during the note's initial release, a period that coincided with Norway's severe banking crisis of 1988–1992, when three of the country's largest commercial banks became effectively insolvent. High-denomination notes from this window see heavier wear than the later Storvik-signed issues.
Norway's 1000-krone note was the highest denomination in everyday circulation during the 1990s, and its long print run across nearly a decade reflects the Norges Bank's conservative approach to note redesign — the same basic security specification remained in use well past the point where comparable European central banks had moved to upgraded substrates or holographic strips.
Hermod Skånland served as Norges Bank governor during the note's initial release, a period that coincided with Norway's severe banking crisis of 1988–1992, when three of the country's largest commercial banks became effectively insolvent. High-denomination notes from this window see heavier wear than the later Storvik-signed issues.