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...And it´ll get worse!


The new Swedish coins and notes will enter circulation by 2014 at the earliest. There will be a lot of changes in their appearance and size compared to before. This means that all systems that handle cash must be adjusted or changed. This will especially affect ATM’s, parking machines and shops’ coin and note changing machines. Trade organization, Svensk Handel, estimates that the changeover will cost their members (shops) hundreds of millions of Crowns – they can’t be more specific at present.

Svensk Handel is demanding, according to newspaper Dagens Industri, that the National Bank of Sweden (Riksbanken) should partly pay for this huge operation. Riksbanken, however, say that every business will have to cover their own costs for the changeover. Conclusion: it will be us consumers who will have to pay the high price for the new money!

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