Sweden likely to become cashless in 5 years - Recent data shows only 2% of transactions are cash

03/07/2016 - 04:28


Figures from Sweden's central bank suggest that coins and banknotes could be almost gone from Swedes' wallets in five years, according to a report by Sweden's public radio broadcaster.

Last year Sweden introduced a series of new banknotes replacing its old kronor notes. But figures suggest these too could be gone from circulation in half a decade if the development towards a cashless society continues.

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