Proposals to secure cash supply
News, Terms and conditions Pursuant to the new Sveriges Riksbank Act, the Riksbank shall contribute to ensuring the availability of cash to a satisfactory degree throughout Sweden. The Riksbank therefore proposes, for instance, that more actors should be able to collect and deliver cash at the Riksbank's depots than is currently the case. There is now an opportunity to comment on the proposal.
In the new Sveriges Riksbank Act, which will enter into force on 1 January 2023, the Riksbank will have increased responsibility for the supply of cash. Pursuant to the act, the Riksbank shall:
- contribute to the availability of cash to a satisfactory degree throughout Sweden.
- itself or through another party, provide at least five depots for banknote handling, three of which shall be provided as of 1 January 2023 and two more as of 1 January 2026.
- be authorised to issue regulations in the field of cash.
To secure the supply of cash, the Riksbank considers it necessary that certain other actors who are not banks or bank-owned companies should also be given the opportunity to enter into agreements on the receipt and distribution of cash at the Riksbank’s depots. The Riksbank also proposes that such actors should be able to enter into an agreement on compensation for interest expenses from the Riksbank. In addition, the Riksbank considers that the principles for the submission of cash to the Riksbank’s depots should be amended.
The Riksbank has sent the proposal for consultation to relevant organisations and authorities. Other actors are also welcome to comment on the proposal.