New banknotes announced in Norway

Norway has announced on 4 December 2012 that they started a project to design new banknotes. This will be their 8th series of banknotes. The main reason for designing the new series is to enhance the security of the notes. They expect it will take several years before the new notes will be issued in Norway. The first step is choose a theme for the new series. Once the theme has been approved, the national bank will choose the main elements of the banknotes' design. You can read more about this announcement in the press release by the Norges Bank.