Sweden may have a digital currency in five years, says Riksbank governor

Photo by David Lundberg
Stefan Ingves

Sweden may have a central bank digital currency (CBDC) in five years, Sveriges Riksbank governor Stefan Ingves said on April 15.

The governor told reporters give years “is a reasonable target”, Bloomberg reports. This is the first time the Swedish central bank has publicly provided a possible timeframe for launching the e-krona.

The Riksbank is ahead of most central banks in preparing for a possible CBDC, starting a formal research e-krona project in 2017. Its decision partly reflects the

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