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.
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 Foundation has chosen to increase the prize amount because it is financially viable to do so,” it said in a brief statement.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.were awarded in 1901, the prize amount was 150,782 kronor per category, the foundation said.
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