FOREX and the central bank of Denmark offer service for Danish banknotes that will become invalid

In a new partnership between FOREX and Danmarks Nationalbank, FOREX will assist with the redemption of invalid banknotes. From December 2nd 2024 to May 31st 2026, FOREX will open three drop-off points where Danish and foreign citizens and companies can redeem the Danish banknotes that become invalid as means of payment in shops and banks after May 31st 2025.

From December 02nd 2024, there will be a separate cash desk in three of FOREX's Danish stores – Odense, Aarhus and Copenhagen – where citizens and businesses can redeem the Danish notes that will become invalid as means of payment in banks and stores after May 31st 2025.

After May 31st 2025, these three FOREX stores will be the only places where the current notes can be redeemed. It is possible to redeem the notes up to one year after they become invalid as means of payment in shops and banks, i.e. until May 31st 2026.

  • "It is important for Danmarks Nationalbank to give citizens and businesses the best possible conditions for handing in the banknotes. Therefore, Danmarks Nationalbank and FOREX will open this service on 02 December 2024, six months before the notes become invalid as means of payment on May 31st 2025. This means that we offer the redemption of banknotes for a full 1.5 years," says Niels Kaas, head cashier at Danmarks Nationalbank.

Documentation requirements prevents money laundering

Redemption of the banknotes via FOREX service points is subject to money laundering regulations. As a payment institution, FOREX is subject to the same money laundering rules as banks and similar documentation will be required.

  • "It is of utmost importance to both Danmarks Nationalbank and FOREX that this service is not used for money laundering or other forms of financial crime. Our serviceable staff till check all transactions and ask for documentation, ID and physical presence," says Charles Nielsen, head of FOREX Denmark.

Please read more about documentation requirements at www.forexvaluta.dk

 

For more information, please contact  

Charles Nielsen
Nationschef för FOREX Danmark    
+45 31 19 90 03
charles.nielsen@forexvaluta.dk        

Teis Hald Jensen
Kommunikations- og presserådgiver
Danmarks Nationalbank
+45 33636066
tehj@nationalbanken.dk

 

About FOREX
Since 1965, FOREX has been the Nordic market leader in travel money. FOREX is available at over 80 centrally located stores and as many currency ATM:s throughout the Nordic region.

About Danmarks Nationalbank

Danmarks Nationalbank is Denmark's central bank. Danmarks Nationalbank's three main goals are to contribute to ensuring stable prices, safe payments and a stable financial system.