Vanishing money: A selection of 100 and 50 Swedish Krona banknotes sit in this arranged photograph in London. Sweden’s currency notes are gradually disappearing due to its cashlessness. — Bloomberg
STOCKHOLM: Sweden may be about to take its world-beating cashlessness to the next level, as the pandemic threatens to push its notes and coins close to extinction.
Stefan Ingves, the governor of the Riksbank, recently remarked that some young Swedes “have no idea” what real money looks like any more. It’s a future that has Ingves and others worried, and he says lawmakers may need to step in before it’s too late.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
