World Sticks to Cash as Sweden Heads Alone Into Cashless Future
- Cash use increased in developed nations after financial crisis
- Cash declines in countries including China and India
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When it comes to abandoning cash, Sweden is going it mostly alone.
While cash in circulation in the Nordic region’s largest economy has dropped rapidly in recent years, the amount of notes and coins has risen in most of the rest of the developed world since the global financial crisis, according to a report from the Bank for International Settlements.