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Risk of Cash Crunch Leads Sweden to Expand Handling of Banknotes

The Riksbank is moving steadily toward finding an electronic solution to supplement cash as the usage of physical bank notes dwindles.

The Riksbank is moving steadily toward finding an electronic solution to supplement cash as the usage of physical bank notes dwindles.

Photographer: Mikael Sjoberg/Bloomberg

The central bank of Sweden, one of the world’s most cashless societies, is tripling the number of offices available to handle notes and coins.

Sweden’s Riksbank, responsible for supplying the largest Nordic economy with banknotes, said in a statement on Wednesday it is opening two new locations for cash handling in addition to an existing office.