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Notes and coin changeover

New notes and coins in Sweden

We’re right now in the last phase of the coin and note changeover in Sweden. All of the new coins and notes are now out in circulation and the old 100 and 500 kronor notes and 1, 2 and 5 kronor coins became invalid after june 30th 2017.

It is still possible however to deposit them in your bank account during a period of time though. The old coins can be deposited until 31 August 2017 and the old 100 and 500 kronor notes until 30 June 2018.

New notes and coins

The new notes are made with thicker paper than the old ones, which improves the quality of the notes. The new coins are smaller and lighter and free of nickel. The two new denominations, the 200 kronor note and the 2 kronor coin, are expected to make it easier to handle cash with smaller need of change.


What should I do with the expired notes and coins?

After June 30th 2017 the old coins and 100 and 500 kronor notes became invalid. It is still possible however to deposit them in your bank account during a period of time though. The old coins can be deposited until 31 August 2017 and the old 100 and 500 kronor notes until 30 June 2018. You are always welcome to visit FOREX Bank to deposit them to a bank account. See our pricelist for additional costs and fees. When you deposit cash, or use it for a transaction, we always need to ask questions regarding the origin of the money.

 

Why we ask questions.

It’s a legal requriment that the bank has good knowledge about it’s costumers and their businesses. The bank also has to follow the transactions, which means that you have to identify yourself when you want to make an errand in the bank, e.g when you want to open an account or make a transaction. When you make a deposit the bank may ask for the origin of the money. The anti money-laundering directive applies in Sweden since 2009.


50- och 1000 kronor notes without foil tape taken out of circulation December 31 2013. 

As of december 31 2013 the old 50- and 1000 kronor notes without foil strip where taken out of circulation. FOREX Bank refers you to Riksbanken in order to redeem these invalid banknotes.

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