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.
MURMANSK: Ecological groups gathered on Kola Peninsula fear that Barents nature will be the looser after Oslo decided to call off the environmental minister’s Moscow meeting in response to Russia’s annexation of Crimea.
TROMSØ: Since the first five specimens of snow crab were found in the Barents Sea in 1996, the population has exploded. There is now ten times as much snow crab than king crab in the area, and scientists are just starting to find out how this new species has adopted to life in the Barents Sea.
The current situation in Ukraine makes cross-border cooperation with the neighboring countries even more important, Barents Secretariat leader Rune Rafaelsen says. At the same time, Norway has joined NATO’s condemnation of Russia’s military escalation on the Crimea peninsula.
Board member Amund Trellevik in the press network fears entry-denial of Kremlin’s controversial propaganda-journalist Dmitry Kiselyov could be retaliated by refusing Norwegian journalists access to Russia.