The Riksbank is responsible for supplying banknotes and coins in Sweden. The Bank’s responsibilities include the provision of cash, the destruction of worn banknotes and coins, and the redemption of banknotes that are no longer valid.
In recent years, there have been considerable changes in cash handling routines in Sweden. The Riksbank has progressively reduced its involvement in operative activities, in line with its strategy to focus on core activities and to contribute to the rationalisation of cash handling in society as a whole. At the end of 2006, the Riksbank had two remaining branch offices, in Tumba and Mölndal. These branches supply cash to the banks, and the banks are then responsible for distribution to the public.
The Riksbank’s objective for the provision of cash is that the general public should have a high measure of confidence in Swedish banknotes and coins. In addition, the Riksbank endeavours to ensure that cash should be a safe and efficient form of payment.