Thu Aug 18, 2005

This year's Nobel Prizes will be worth the equivalent of $1.3 million each - a drop of $200,000 from last year because of currency fluctuations, the Nobel Foundation said Thursday. Although the prize amount is the same in Swedish currency - 10 million kronor - it works out to less in dollars and euros because both currencies have risen against the krona. The 2004 prizes were the equivalent of $1.5 million.

Copyright © 2005 The Associated Press.

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