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Faeroe Islands / 7 Products

The Faroe Islands is a North Atlantic archipelago within the Kingdom of Denmark, between the Norwegian Sea and the North Atlantic Ocean. Since 1948, they have been self-governing within the Kingdom of Denmark, exhibiting autonomy in various domains. Notably, their exclusion from the European Economic Community in 1973 preserves control over their fishing waters and enables distinct trade policies, such as the bilateral free trade agreement with Iceland, known as the Hoyvík Agreement.

The Faroe Islands’ currency is the krona, issued by the Danmaks Nationalbank which is Denmark's central bank. The Faroe Islands krone is subdivided into 100 oyru and is a local issue currency denominated in the Danish krone. 

In 1940, when the German occupied Denmark, the authorities created notes specifically for the islands. They are existing stocks of Danish banknotes, overprinted with texts that translate to “Valid only on the Faroe Islands” and Faroe County, June 1940.

The 1949 issues of the Faroe Islands krona banknotes bear the law date 12 April 1949. Their reverse showcases designs inspired by local artists Janus Kamban and Ingalvur av Reyni. These illustrations portray scenes such as fishermen unloading their catch from a canoe, snow-covered cabins, the ruins of the Magnus Cathedral, and the birthplace of the national hero Nolsoyar Pall showing a church and homes at a water’s edge in Nolsoy. 

In 1972, Denmark started issuing a new series of notes bearing new formats. This new series replaced the preceding issues of Faroes banknotes.

Another series was issued starting in 1997, bearing new formats and with the introduction of the 200-kronur banknote. These banknotes highlight close up images of endemic animals on their obverse and watercolor landscapes by local artist Zacharias Heinesen on their reverse.

The 2011 issues of the Faroe Islands banknotes share the same design as the previous issues but with Motion windowed security threads, additional Omron rings, and with mother-of-pearl threads and fluorescent colors. The holographic patches were also replaced with registration devices.

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