Denmark launches online registration for soon-to-be-worthless banknotes

Starting Friday, Danes can register 1000-kroner banknotes online, a move designed to ease the pressure of long queues at physical exchange locations before the May 31 deadline. The National Bank of Denmark announced the new online system to alleviate congestion, especially in Copenhagen, where queues have been hours long.

Physical exchange points are available in Copenhagen, Odense, and Aarhus, with dedicated counters set up at Forex branches. The National Bank has previously introduced measures like opening extra counters to manage the flow of people exchanging the old notes.

The 1000-kroner notes, along with other older series of banknotes, were announced for phase-out two and a half years ago. While they ceased to be legal tender in shops on May 31, 2025, they will soon become worthless even at the National Bank. A partnership with Forex allows citizens to exchange these old notes for new ones until May 31, 2026. So far, nearly 50,000 transactions have been processed at the three physical locations, with over 200 million kroner exchanged.

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From Friday at 12:00 p.m., it will be possible to register 1000-kroner banknotes, which will become worthless after May 31, online.