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Strong deflation after the war
07/02/2018 -The end of the war means that the strong demand for Swedish products abroad collapses with devastating deflation and an economic crisis as consequence.
We start using decimals
07/02/2018 -The decimal system is introduced for coins and we get one coin system instead of two parallel ones. Instead of riksdaler banco and riksdaler riksgälds, we get riksdaler riksmynt, which are divided into 100 öre. ...
The Riksbank moves to Helgeandsholmen
07/02/2018 -The Riksbank moves from Järntorget to the new premises in what would later become the Riksdag building.
Electronic payments create new risks
07/11/2019 -An electronic payment means, among other things, that sensitive information needs to be exchanged by the payee, for instance the card number and CCV code. If external parties gain access to sensitive information, this may sometimes be used to...
Seven out of ten Swedes use Swish
07/11/2019 -The Swish payment app was launched at the end of 2012. It enables people to make instant, real-time payments from their payment account to other payment accounts. Since 2012, the number of payments made via the app has increased sharply. In...
First-generation cryptocurrencies do not work well as money
07/11/2019 -Cryptocurrencies have received a considerable amount of attention in recent years. The most well-known example is Bitcoin. Bitcoin advocates say that it can work as money and is particularly attractive for those who wish to make international...
Do we have the right to demand cash services at banks?
07/11/2019 -Freedom of contract also applies in principle to banks in relation to their customers. Here, too, the agreement can be written or verbal. It is therefore not necessarily a question of an actual written contract; it is sufficient for the bank to...
Crimes linked to cash have fallen
07/11/2019 -As cash usage has fallen, the number of robberies aimed at stealing cash reported to the police has fallen sharply. This applies equally to bank robberies and to robberies of shops and cash-in-transit operations. Much of the reduction can...
Do we have the right to pay in cash?
07/11/2019 -Under the Sveriges Riksbank Act, cash is legal tender in Sweden, which means that it is to be accepted as payment everywhere. But the rule can be waived by agreement by shops, restaurants, etc., via what is known as freedom of contract. In other...