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Dialogue on future cash handling
29/10/2020 -The Riksbank has opened a dialogue with relevant parties in the cash supply chain to discuss the form of future cash distribution and which allocation of roles between the Riksbank and other actors would be appropriate. These discussions have...
The banks too will have a broader responsibility
29/10/2020 -Even some of the larger banks will be given greater responsibilities regarding cash. At present, they are responsible for ensuring that cash withdrawals and deposits of daily takings function. In November 2019, the Riksdag adopted an amendment...
It is expensive if the recipient wants cash
29/10/2020 -Cross-currency payments, via institutions such as Western Union, for example, can be convenient and are occasionally the only solution if the recipient does not have a bank account. Payments of this kind are often used when guest workers and...
Fintech solutions can make payments more efficient
29/10/2020 -Over the last decade, a number of technology companies – known as Fintech companies – have become established on the payment market in Sweden. Several of these have introduced new, convenient ways of paying and have thus helped make payments in...
3. The Riksbank is adapting to a changing world
29/10/2020 -The proposed new Sveriges Riksbank Act increases the Riksbank's responsibility for cash distribution and preparedness on the payment market. This year, the Riksbank signed an agreement with the ECB that makes it possible for Sweden to utilise...
Swedish banknotes and coins – the Riksbank's new responsibility for cash handling
29/10/2020 -According to the proposed new Sveriges Riksbank Act, the Riksbank will have greater and clearer responsibility for cash handling in society. As it is becoming less and less profitable to transport cash, the Riksbank may need to build up more...
Payments in crisis situations and under heightened alert
29/10/2020 -It will be the Riksbank’s responsibility to ensure the general public can make essential payments in crisis situations and under heightened alert, which is to say during war or under threat of war. This is specified in the proposed new Sveriges...
Are payments in Sweden secure?
29/10/2020 -https://www.riksbank.se/en-gb/payments--cash/payments-in-sweden/payments-report-2021/2.-safety-and-efficiency/are-payments-in-sweden-safe/ Payments in Sweden are secure and there have been few interruptions in the major payment systems in 2020.
International payments need to be improved
29/10/2020 -Payments between Sweden and the euro area function as smoothly as payments within Sweden. However, payments to countries with other currencies than the euro are often slow and expensive. International payments need to be improved...
Several countries have started work on central bank digital currency
29/10/2020 -At the start of 2020, an international working group was formed on behalf of central bank governors from a group of countries to share lessons learned, create a shared view and discuss the way forward for central bank digital currency available...