Does Sweden need an e-krona?
The use of banknotes and coins is declining in society. At the same time, virtual currencies and payment methods are undergoing rapid technological development. The Riksbank has therefore started a project aimed at examining whether the krona needs to be issued in an electronic form, an "e-krona". No decision has yet been taken to issue an e-krona or regarding the choice of technical solution – there have been claims on the internet about this that are incorrect. Follow us at riksbank.se to get the latest news on the Riksbank’s project.
The project that has been started aims to investigate the legal and technical conditions for the Riksbank to be able to issue an e-krona. It will also entail integrity issues and how an e-krona could 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 an e-krona.
If the Riksbank later decides to issue an e-krona, it would not be to replace cash, but so that the e-krona could 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.