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Why are people in Sweden no longer using cash?
29/10/2020 -Apart from Sweden, it is only in Norway that the amount of cash in circulation has fallen over the last ten years. For Sweden, this may be due to measures making cash less attractive being introduced at about the same time as Swish was emerging as...
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...
Digital money – the Riksbank’s e-krona pilot
29/10/2020 -The Riksbank is investigating whether it would be possible to issue kronor to the general public in digital form, an ‘e-krona’. This would allow the general public access to the Riksbank’s money even if cash were to become further marginalised...
International cooperation on central bank digital currency
29/10/2020 -In the wake of the coronavirus pandemic, cash payments have decreased in many countries. This has led to central bank cooperation on central bank digital currency landing high up on the policy agenda. International cooperation on central bank...
BIS has determined the work programmes for the BIS Innovation Hub Nordic Centre
25/01/2022 -The Nordic Centre in Stockholm will work on projects related to offline CBDC and systems for payments data analysis. Today the Bank for International Settlements (BIS) Innovation Hub presented the work programme for 2022.
The General Council of the Riksbank makes an extended review
12/11/2021 -At its ordinary meeting today, the General Council of the Riksbank decided on an extended review of whether members of the Executive Board have violated any rules of conduct in connection with the Riksbank's drafting or decision-making on...
IMF to assess financial stability in Sweden
19/11/2021 -The International Monetary Fund (IMF) will conduct a review of the financial sector and the work of the authorities on financial stability, a so-called FSAP (Financial Sector Assessment Program) in 2022. FSAPs are conducted regularly for...
What is fintech?
19/05/2022 -What is fintech? Fintech can be defined as financial services combined with new technological innovations. Fintech activities are found in numerous parts of the financial system and include, for example, payment mediation and lending. Operations...
References
19/01/2024 -References Australian Government (2023), “An RBA fit for the future”, The Australian Government Review of the Reserve Bank of Australia Report. Bordo, Michael and Mickey Levy (2022) "The Fed's Monetary Policy Exit Once Again behind the Curve",...
Offline card payments should be possible no later than 1 July 2026
03/10/2025 -The Riksbank and representatives from the payment market have today reached an agreement to increase the possibility to make offline card payments for essential goods. The agreement is an important step in the work to strengthen Sweden's payment...