There are nearly 370 million of the little copper coins and they are now worthless, according to News In English.
The central bank in Oslo has stopped producing the coins because they are too expensive to make.The move to eliminate smaller units of currency from the money system is happening worldwide. In Canada, for example, the Royal Canadian Mint will stop producing pennies (1/100 of a dollar) later this year, because it costs 1.5 cents to make each penny – more than it’s worth, according to the National Post.
In 2010, Sweden eliminated its 50-öre coin.
Along with lighter wallets, there are other benefits to eliminating these small units of money. People are getting creative with the worthless currencies.
When Bjørne Kvernmo docked his ship, “Havsel,” at the port in Tromsø this month, he knew it would be the end of a tradition he’s kept up for 40 years. With his return, northern Norway’s long-standing seal hunt had finally come to a close.
According to a doctoral dissertation to be published by the University of Helsinki, the indigenous Sámi people of Northern Finland generally have lower cancer rates than the rest of the country’s population.