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Sweden Explores Moving to a Digital Currency

A sign for "we are a cashless shop" on a store in Stockholm.

A sign for "we are a cashless shop" on a store in Stockholm.

Photographer: Erika Gerdemark/Bloomberg
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Sweden’s government will start exploring the feasibility of having the country move to a digital currency, marking another step into the unknown for the world’s most cashless society.

Per Bolund, financial markets minister, said a review launched on Friday is expected to be completed by the end of November in 2022. Anna Kinberg Batra, a former chairwoman of the parliament’s finance committee, will lead the inquiry.