The Riksbank is responsible for providing Sweden with banknotes and coins.
The Riksbank issues cash
The Riksbank's tasks include
- issuing banknotes and coins
- destroying worn-out banknotes and coins
- redeeming invalid banknotes
The Riksbank does not govern how much cash is in circulation in society; this is instead determined by demand from the general public. In 2018, the average value of banknotes and coins in circulation was SEK 58 billion.
The banks' cash depots and cash-in-transit services provide society with cash
The Riksbank issues cash to banks and bank-owned companies. Acting together, the five largest banks have formed Bankomat AB to provide cash to society. When cash is needed by society, Bankomat collects it from the Riksbank. At present (August 2019), Bankomat has 5 cash depots in operation. The cash is then transferred from Bankomat to the banks and the retail trade by means of cash-in-transit services. ATMs, bank accounts and the retail trade provide the public with access to cash.
When the cash becomes worn out, it is returned (via the banks, the retail trade and cash-in-transit services) to Bankomat, which then returns it to the Riksbank for destruction.
In 2010 and 2011, the Riksbank published a "Follow-up of the new depot structure for cash management" and a "Report on cash management 2011".
The Riksbank formed the Cash Handling Advisory Board in 2006. The Cash Handling Advisory Board is a forum for the discussion of issues in the field of cash handling in society.