Nobel Foundation raises the amount for this year’s Nobel Prize awards to 11 million kronor

AFP or licensors

The Nobel Foundation said Friday that it will 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.

"The Foundation has chosen to increase the prize amount because it is financially viable to do so,” it said in a brief statement.