Riksbank considering e-krona issuance – Skingsley

Krona cash payments are becoming rarer in Sweden. Photo: Riksbank

The Swedish central bank, the Sveriges Riksbank, is investigating the possibility of issuing some form of digital currency or "e-krona" as it looks to fill a void left by the decline of cash.

Low and falling cash use in Sweden means a central bank digital currency is more of a "burning issue" than for most, Riksbank deputy governor Cecilia Skingsley said today (November 16).

Cash is a form of central bank money that is accessible to all members of the population – in contrast to bank deposits

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