The Nobel Peace Prize is one of five Nobel Prizes bequeathed by the Swedish industrialist and inventor Alfred Nobel. According to Nobel's will, the Peace Prize should be awarded "to the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses.so Mr.Obama has been awarded for his extraordinary efforts in strengthening international diplomacy and for taking landmark initiatives to create a nuclear-free world.The honourable president will receiving his award on december 10 of this year.The president has beaten 205 nominees who were competing for this prestigious award.This prize includes a gold medal,a Nobel diploma,1.4 million dollars.
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