413 million banknotes in circulation
At the end of 2007/beginning of 2008, there were approximately 413 million banknotes in circulation, amounting to a total value of SEK 108.5 billion.
The most common banknote is the 500-kronor note
The denomination that dominates in terms of quantity of notes in circulation is the 500-kronor note; at the end of 2007/beginning of 2008 there were just over 111 million of these in circulation.
The Riksbank is responsible for providing Sweden with banknotes and coins. The work includes supplying banknotes and coins, destroying banknotes and coins that can no longer be used and accepting banknotes that are no longer valid.
The Riksbank has two offices and via these supplies the banks with cash. The banks, or their agents, then distribute the cash to the retail trade and the general public.
New motif on this year's 1-krona coin
All 1-krona coins minted in 2009 will carry a new motif on their reverse to commemorate the 200th anniversary of Finland’s separation from Sweden. The reverse of the 1-krona has a special strike composed by designer Annie Winblad Jakubowski. This consists of a symbolic depiction of the sea as a link connecting Sweden and Finland. Information folder (pdf) Read the press release
(Updated January 2009) Extended period for redeeming versions of the 500-krona and 100-krona banknotes without foil strips and older 20-krona notes applies until further notice
The older, and currently invalid, versions of the 500-krona and 100-krona banknotes without a foil strip and a see-through picture and the slightly larger 20-krona notes in a bluer tone can still be redeemed by your bank. Any fees for redeeming the banknotes are set by the respective bank.
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