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.
A step-by-step increase up to SEK 5,5 billion will be added to the annual defense budget following the Ukraine crisis. The cash will partly come by cutting spending on environment and nuclear safety cooperation with Russia.
The president warns against hostile action and terrorism in the Arctic and says regional oil installations must be protected. At the same time, he signs a law, empowering oil companies to establish their own armed forces.
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.
More than 900 reindeer die of hunger on the Russian Arctic island of Kolguyev following a critical lack of available local pasturelands. The reindeer stocks in the area are too badly managed, regional authorities admit.
Three days processing of visa-applications is history. “Always apply at least 15 days prior to scheduled departure. Our processing time is 10 days,” says Marit Egholm Jacobsen, head of the visa section at Norway’s Consulate General in Murmansk.
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.