Spitzbergen Bank Notes

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Spitzbergen

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1 Kopek, 1976
Ministry of the Coal Industry, State Trust
"Arctic Coal"

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5 Kopek, 1976
Ministry of the Coal Industry, State Trust
"Arctic Coal"

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Spitzbergen (Svalbard), a Norwegian territory, is a group of islands in the Arctic Ocean 360 miles north of Norway. Over the years, many countries claimed sovereignty to the islands. A treaty signed in 1920 granted sovereignty to Norway. The islands have no permanent population. For some hundred years they have been exploited for furs, whaling and coal mining. The mining companies have issued their own local notes for use in the remote and isolated mining communities. A major issuer is the Russian state mining company Arktikugol, issuing notes 1931-1979. For a more detailed country profile, see CIA World Factbook on Norway.

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