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2 Kroner - Haakon VII Government in exile, exchangenotes

Issuer Norges Bank
Year 1942
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Composition Paper
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Obverse description Black letterpress on a red guilloche underprint. The bank title NORGES BANK is set in bold Gothic lettering at the top, with the date 1942 and serial number below. A large numeral 2 within a starburst lathe-work vignette occupies the centre, flanked by small numeral 2 corner pieces within ornamental frames. The denomination TO KRONER appears in a bold panel beneath the central vignette, with a manuscript signature and the authority clause below, and the printer's imprint at the foot.
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Reverse lettering 2 H7 2 KRONER KRONER WATERLOW & SONS LTD LONDON
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Comments

Norges Bank relocated its operations to London after the German occupation of Norway in April 1940, and this 1942 issue was printed by Waterlow & Sons as part of a series intended to back the government-in-exile's financial credibility with the Allies. The notes were not designed for street circulation in occupied Norway — they were exchange instruments, held in reserve for the eventual liberation and currency reconversion.

Waterlow had extensive experience printing emergency and exile-government currency during the Second World War. The 2 Kroner denomination is the smallest in the London exile series, and surviving examples in any condition are considerably scarcer than the higher values from the same print run.

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