"In Sweden, a Cash-Free Future Nears"

cinch

Is this where the United States is headed?



"Bills and coins now represent just 2 percent of Sweden’s economy, compared with 7.7 percent in the United States and 10 percent in the euro area. This year, only a fifth of all consumer payments in Sweden have been made in cash, compared with an average of 75 percent in the rest of the world, according to Euromonitor International."



"Cards are still king in Sweden - with nearly 2.4 billion credit and debit transactions in 2013, compared with 213 million 15 years earlier. But even plastic is facing competition, as a rising number of Swedes use apps for everyday commerce."



"At more than half of the branches of the country’s biggest banks, including SEB, Swedbank, Nordea Bank and others, no cash is kept on hand, nor are cash deposits accepted. They say they are saving a significant amount on security by removing the incentive for bank robberies."



Article in the New York Times

techwriter

Interesting stats, time to REALLY concentrate on collecting Swedish banknotes.

== they are pretty notes





Edited to add Swedish note

Tookybandit

Pretty spooky stuff!!!

AUandAG

In a country of less than ten million people 2% is still 8 billion Krona.



bob

luckybucks

If we don't use our cards, then cash is king. It is up to each of us, what the future of cash will be.



In my business, I do not accept credit cards.

DanCong

I use apple pay where I can, I wish more places used it. America is behind in CC/digital technology. When was the last time you did not "swipe" your CC, but inserted the chip end ? Even though we are "officially" requiring the chip, it is not really used.
Canada dropped the penny. I was just in a country where they do not really have really small change. Things may still be priced out to the single digit, but will round the total when paying with cash. Which means sometimes you lose unless you have non-existent exact change or they have the small coins needed to get close. CC pay the exact value
I do agree there will be a cash economy in the US for a very long time, but there is no reason to not embrace other ways to move money around.

DanCong

here is a recent HA pickup. I don't specialize in world notes, but thought this was attractive

techwriter

She is a beauty. Well done.

Alex1176

Great notes!
I have similar to this one, to lazy to photo it now...
note

rbethea

They are beautiful. Was just in Sweden - here is their newest set. In fact, at the exchange bureau in the Malmo train station, they "sold" me the newest series for face value. I thought for sure there must be some hidden fees, but when I check the after-exchange-rate charge, no strings! So bought UNC notes for face....

Jim61

Nice display of Sweden banknotes. I guess get them while you can.

Thanks for sharing everyone.