07.05.2006 · The Government

International recognition of Faroese bank notes

The new, Faroese 1,000-kroner bank note has been awarded ”Bank Note of the Year, 2006”. The International Bank Note Society, an international association of collectors of bank notes, has chosen the Faroese bank note to receive this honour.

International recognition of Faroese bank notes

The new, Faroese 1,000-kroner bank note has been awarded ”Bank Note of the Year, 2006”. The International Bank Note Society, an international association of collectors of bank notes, has chosen the Faroese bank note to receive this honour.

In a statement from IBNS, the president of the organization, Peter Symes, congratulated the Faroes and the Danish National Bank on the occasion of this award. (Monetary and currency matters are Danish competence areas.)

The honour of "Bank Note of the Year, 2006" is awarded for a bank note released in 2005 and which the judges feel evinces artistic merit, imaginative design and security. "We feel that this note fully deserves this honour”, the International Bank Note Society writes, among other things, in a letter to the Governor of the National Bank, Nils Bernstein.  

According to the panel of judges at IBNS, the Faroese bank note is unusual, beautiful and is described as a "fine example of the work of the modern security printer". 

In its announcement declaring the award-winner, the panel of judges commended, among other points, the excellent adaptation of the motifs created by artist Zacharias Heinesen. The panel singled out these motifs as a principal reason for selecting the Faroese 1,000-kroner note. The judges point out that whilst most bank notes have motifs that originally are photographed or painted, the new series of Faroese bank notes are based on watercolour pictures. So far, only on rare occasions, have designers managed to obtain such quality and such beauty in bank notes based on watercolours.  The organization says that it acknowledges the bank note series for making an “excellent contribution to the development of paper money”.

“This is a very happy event and an international acknowledgement about which we in the Faroes can be most pleased”, says Bárður Nielsen, Minister of Finance.

Faroese bank notes.pdf