today announced, the Riksbank, the final part of the project to replace the Swedish cash. There are banknotes with denominations of 100 and 500 kronor, and coins worth one, two, and five crowns that will be available from this afternoon.
The old coins and banknotes with the same denomination will be valid in shops in nine additional months, until June 30, 2017. After that, it’s just tiokronan that remain from the past.
According to the riksbank’s head Stefan Ingves is the main reason for this change is that the security should be improved.
– The old note series has about 30 years on the back of the neck and then it is time to introduce new security features so that the banknotes will be harder to falsify. We have already get counterfeit in Sweden and we want it to continue to be so, ” says Stefan Ingves.
to determine if one of the new banknotes is fake, there should be enough wiggle on the bill. For example, the 500-krona note is a g-clef to the right, which changes color, and the backup cord to the left switches between the letters £ and a symbol of a crown. The subject of the backup cord also.
New coins and banknotes means of course also some costs. For trade and other businesses, it may include, for example, coin-operated machines that need to be adjusted or replaced. And for anyone who does not have time to switch out the savings at home in myntburken, it means that you must switch from the Riksbank, which will take 100 dollars for the inconvenience.
Stefan Ingves believes, however, that the industry had plenty of time to do the conversion and the Riksbank’s go out and inform so that everyone should have a chance to get to exchange their old money.
” of course there is some cost with this, but there is a cost to all of Swedish society.
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