The Nobel Foundation has decided to raise the award amount for this year’s Nobel Prizes by 1 million kronor ($90,000) to 11 million kronor ($986,270) as the Swedish currency has plummeted recently.
STOCKHOLM — The Nobel Foundation said Friday that it will raise the award amount for this year’s Nobel Prizes by 1 million kronor to 11 million kronor as the Swedish currency has plummeted recently.
The rapid depreciation of the Swedish currency has pushed it to its lowest level ever against the euro and the U.S. dollar. Sweden has been struggling with high inflation — it was 7.5% in August, down from 9.3% in July, far from the 2% target set by the Riksbank, Sweden’s central bank. Over the past 15 years, the amount has been adjusted several times, it said. In 2012, it was reduced from 10 million kronor to 8 million kronor as a broad-based program to strengthen the Nobel Foundation’s finances was initiated. In 2017, the prize amount was increased from 8 million kronor to 9 million kronor. In 2020, it was raised to 10 million kronor.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nobel Foundation raises the amount for this year’s Nobel Prize awards to 11 million kronorThe Nobel Foundation has decided to raise the award amount for this year’s Nobel Prizes by 1 million kronor ($90,000) to 11 million kronor ($986,270) as the Swedish currency has plummeted recently.
Read more »
Nobel Foundation raises the amount for this year’s Nobel Prize awards to 11 million kronorThe Nobel Foundation has decided to raise the award amount for this year’s Nobel Prizes by 1 million kronor ($90,000) to 11 million kronor ($986,270) as the Swedish currency has plummeted recently
Read more »
| A Nobel Prize winner’s affair — and three other memoirs to read nowAnnie Ernaux’s “Young Man” and Drew Gilpin Faust’s “Necessary Trouble” are among the moving personal stories.
Read more »
Six decades of plankton decline sparks call to protect the foundation of the marine food webThe decline in plankton abundance in the North East Atlantic over the past six decades should serve as a red flag to policy makers about the need to protect some of the planet's most critical forms of life, a new study has warned.
Read more »