Why is sweden getting rid of cash?

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June Franecki asked a question: Why is sweden getting rid of cash?
Asked By: June Franecki
Date created: Tue, Aug 31, 2021 11:50 AM
Date updated: Thu, Jun 23, 2022 3:39 PM

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Top best answers to the question «Why is sweden getting rid of cash»

The majority of Swedish banks have stopped allowing customers to make cash transactions over the counter. Many branches across the country have closed. Cash is extremely expensive to manage due to the high security systems.

Why are Swedish banks cutting back on cash?

  • Sweden’s banks have cut back on cash in part for safety reasons after a rash of violent robberies in the mid-2000s. The national psyche is marked by an infamous helicopter heist in Västberga in 2009, when thieves landed on the roof of a G4S cash service depot and stole millions — a drama now being turned into a Netflix film.

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