Central Banking

Swedish central bank looks at path to state-backed digital currency

Sveriges Riksbank
Sveriges Riksbank
Arild Vågen
  • Central Banking Newsdesk
  • LinkedIn  
  • Save this article
  • Print this page  

Sweden’s central bank will start looking at the legal and technical changes needed to introduce a state-backed digital currency, it said today (October 26).

One possible change could be to the central bank’s own mandate.

Cash use in Sweden is falling sharply and this is causing problems for some social groups, the Sveriges Riksbank says in its latest e-krona report. The value of cash in circulation in Sweden has declined by around 50% since 2008 to just over 1% of GDP, according to the

To continue reading...

More on Payments

Latest issue

Most read

  1. Mark Carney on joined-up policy-making, forward guidance and Brexit
  2. The roots of the new gold fever
  3. Carney warns Germany and France of Brexit derivatives cliff edge
  4. Fischer and Hildebrand call for emergency policy tools
  5. Latin America’s escape from hyperinflation

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: