National Bank of Denmark to phase out and demonetize 1000 kroner banknote

According to this article (in Danish): https://www.berlingske.dk/samfund/medie-nationalbanken-vil-afskaffe-tusindkronesedlen

Yet unknown when this will happen. At the same time the maximum limit of how much can be paid in cash will be lowered from the current limit of DKK 20,000 (~ € 2,682).

PS. Sorry, posted this in the wrong place. Can someone move it?

The National Bank of Denmark is going to have a press briefing tomorrow Thursday on this subject.

Hapertas

The National Bank of Denmark is going to have a press briefing tomorrow Thursday on this subject.

Looking forward to what they have to say.

If the Danish National Bank indeed plans to phase out and even demonetize the 1000 kroner banknote it will sadly be another win for the anti-cash lobby. Of course, it's always the old chestnut “to prevent crime” when it comes to abolish, eliminate or demonetise high value banknotes. 

https://www.nationalbanken.dk/en/news-and-knowledge/publications-and-speeches/news/2023/the-future-of-danish-cash-strategic-initiatives

Danmarks Nationalbank expects to issue a new banknote series in 2028-2029, and older banknote series will be phased out. All banknotes from banknote series older than the current series featuring Danish bridges and archaeological finds (2009 series) will no longer be legal tender after 31 May 2025. The upcoming banknote series will not include a 1000-krone banknote, and the 1000-krone banknote in the current series will also no longer be legal tender in Denmark after 31 May 2025.

From 1 June 2025 and up until the launch of a new banknote series in 2028-2029, there will thus only be one series of banknotes in circulation comprising four banknotes: 50, 100, 200 and 500-krone banknotes. See the illustration below.

A new security-updated version of the 500-krone banknote entered circulation in 2020, and this will be joined at the beginning of 2024 and in 2025 by security-updated 50, 100 and 200-krone banknotes in the current series.

Thanks for the update.

Sad news that the 1000 Kroner banknote will be abolished. 

Hopefully, Norway and Sweden will not follow even though I fear they will.