Does Sweden need the e-krona?

The use of banknotes and coins is declining in Swedish society. At the same time, virtual currencies and payment methods are moving rapidly are undergoing rapid technological development. The Riksbank will now investigate whether kronor need to be issued in electronic form.

The project that has been started aims to investigate the legal and technical conditions for the Riksbank to be able to issue e-kronor. It will also entail integrity issues and how e-kronor can be made available to the general public. The inquiry is expected to be finalised in late 2019. In other words, it has not yet been decided whether the Riksbank will issue e-kronor.

 

If the Riksbank later decides to issue e-kronor, it would not be to replace cash, but so that the e-krona can act as a complement to cash.

 

The project published a first interim report in September 2017. With the report, the Riksbank wishes to encourage an open dialogue with various participants in society who may have important points of view and lessons to contribute.

 

More information about the Riksbank's project plan for the e-krona can be found here.

More information about the first interim report of the E-krona project.

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