Mother Teresa In 1979, Teresa received the Nobel Peace Prize "for work undertaken in the struggle to overcome poverty and distress, which also constitutes a threat to peace". She refused the conventional ceremonial banquet for laureates, asking that its $192,000 cost be given to the poor in India and saying that earthly rewards were important only if they helped her to help the world's needy. When Teresa received the prize she was asked, "What can we do to promote world peace?" She answered, "Go home and love your family." Building on this theme in her Nobel lecture, she said: "Around the world,
Nobel Peace Prize the final decision has not been made until the last meeting before the official announcement at the beginning of October. The Chairman of the Norwegian Nobel Committee presents the Nobel Peace Prize in the presence of the King of Norway on 10 December each year (the anniversary of Nobel's death). The Peace Prize is the only Nobel Prize not presented in Stockholm. The Nobel laureate receives a diploma, a medal, and a document confirming the prize amount. , the prize was worth 10 million SEK (about US$1.5 million). Since 1990, the Nobel Peace Prize Ceremony is held at Oslo City