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‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far

  • Cash usage declining both as share of GDP and in nominal terms
  • Riksbank committee could publish report on issue in summer
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The value oof notes and coins in circulation are the lowest in nearly 30 years. Bloomberg’s Amanda Billner reports.(Source: Bloomberg)
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“No cash accepted” signs are becoming an increasingly common sight in shops and eateries across Sweden as payments go digital and mobile.

But the pace at which cash is vanishing has authorities worried. A broad review of central bank legislation that’s under way is now taking a special look at the situation, with an interim report due as early as the summer.