Nemobel raises prize to 1.2M

The Swedish Nobel Foundation announced that the prize amounts for 2024 will be increased by 9%, reaching 12 million Swedish kronor ($1.22 million) for each award, in order to maintain their significance and value over time. The winners in the fields of Physics, Chemistry, Peace, Literature, Economics, and Medicine will be announced between October 5 and 12, commemorating the 125th anniversary of the inaugural awards. The value of the prizes in 1901 was approximately 150,782 kronor.

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