APRMAYAUG
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201020112012
2 captures
21 May 2011 - 12 Aug 2011
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Notes and coins
New banknote and coin series
General information about notes and coins
Counterfeit, invalid and damaged notes
50-öre coin
 
How many banknotes are in circulation?
At the end of 2010/beginning of 2011, there were approximately 360 million banknotes in circulation, amounting to a total value of SEK 99.9 billion.

What is the most common banknote?
The denomination that dominates in terms of quantity of notes in circulation is the 500-kronor note; at the end of 2010/beginning of 2011 there were just over 116 million of these in circulation. This is followed by the 100-kronor note, with almost 94 million, the 20-kronor note with around 87 million. There were around 29 million 1,000-kronor notes in circulation and just over 25 million 50-kronor notes. Moreover there were around 9 million invalid banknotes and commemorative banknotes.
 
How much do banknotes and coins weigh?
COINS
1 krona 7.0 grammes
5 krona 9.5 grammes
10 krona  6.6 grammes
 
BANKNOTES
A wad containing 100 banknotes:
SEK 1000 116 grammes
SEK   500 109 grammes
SEK   100 84 grammes
SEK     50 80 grammes
SEK     20 74 grammes
 
 
What are Swedish banknotes made of?
The banknotes are made of raw cotton, which gives a rough and firm texture.
 
What does a 100-krona note cost?
The Riksbank does not print banknotes itself. We pay around 40 öre (100 öre = 1 krona) for a 100-krona banknote.
 
What does a 1-krona coin cost?
The Riksbank does not mint coins itself. We pay around 80 öre (100 öre = 1 krona) for a 1-krona coin.

Who decides on the appearance of banknotes?
The Riksbank’s monopoly on issuing banknotes also includes a monopoly on determining their appearance. The design of the current banknotes has thus been determined by the General Council of the Riksbank (on suggestions from a committee including artistic representatives attached to Crane AB).     
 
Counterfeit, invalid and damaged notes
What do I do if I have recieved a counterfeit banknote?
Counterfeit banknotes may not be used as a means of payment. To do so deliberately is a serious crime that is punishable by a prison sentence. Even the possession of counterfeit notes is an offence. If a person detects a counterfeit note they should refuse to accept it. A person who has already accepted such a note, should try to remember how he or she might have obtained it and report it to the police. Further information about counterfeit notes and security features on notes can be found among the links at the bottom of the page.

What do I do if I find banknotes that are no longer valid?
If you still have banknotes that became invalid after 31 December 2006 (the older versions of the 100-krona and 500-krona banknotes without a foil strip and see-through picture, the older 20-krona notes that are slightly larger with a bluer tone) you can go to your own bank and deposit the money in your account there. Any fees for redeeming banknotes are set by the respective bank. Other invalid banknotes may be sent to the Riksbank. Further information on what to do can be found among the links at the bottom of the page.

What do I do if I have received a damaged banknote?
If you have a damaged banknote you can normally take it to a bank to replace it. If the bank does not replace the banknote you can send it to Riksbanken. Further information on what to do can be found among the links at the bottom of the page.

50-öre coin
Why did the Riksbank withdraw the 50-öre coin
The information received by the Riksbank showed that the 50-öre coin was almost solely used as small change in the retail trade and is not used for making payments. A survey of the general public showed that two out of three consider the coin to be unnecessary. The retail trade also preferred the coin to be abolished.

When became the 50-öre coin invalid?
The 50-öre coin became invalid after 30 September 2010.

How will payments be rounded off when the 50-öre coin no longer exists?
There will still be an arithmetical unit “öre”. Card payments will not be affected at all. All that will happen is that payments in cash have to be rounded off (1-49 öre are rounded down and 50-99 are rounded up).
 

CONTENT EXPERT
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LAST REVIEWED
06/04/2011
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