Skip to main content

Sweden’s central bank explores issuing a digital currency in next two years

by Futures Centre, Nov 17
1 minute read

Sweden’s central bank in mid-November opened a discussion about whether to introduce a digital currency, called ‘ekrona’, within two years. It would be the first significant central bank in the world to do so. 

Cecilia Skingsley, Deputy Governor of Sweden’s central bank Riksbank, explained the move to supplement cash was being considered in response to a dramatic decline in the use of coins and notes among the population.

According to a central bank report at the end of October, cash withdrawals in Sweden have fallen by about a third over the last five years, both in terms of number and value. Additionally, the amount of notes and coins in circulation has fallen by 40% since 2009, with a rise in online shopping and card payments.


by Futures Centre Spotted 1994 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.