Frequently asked questions General information about notes and coinsCounterfeit, invalid and damaged notes
50-öre coinThe 1-krona coins minted in 2009
General information about notes and coinsHow many banknotes are in circulation?At the end of 2008/beginning of 2009, there were approximately 372 million banknotes in circulation, amounting to a total value of SEK 106.3 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 2008/beginning of 2009 there were just over 116 million of these in circulation. This is followed by the 100-kronor note, with almost 100 million, the 20-kronor note with around 87 million. There were around 34 million 1,000-kronor notes in circulation and just over 25 million 50-kronor notes. Moreover there were around 10 million invalid banknotes and commemorative banknotes. How much do banknotes and coins weigh?COINS
A wad containing 100 banknotes:
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 75 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 & Co).
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What do I do if I find banknotes that are no longer valid?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.
Why does the Riksbank withdraw the 50-öre coin
The information received by the Riksbank has shown that the 50-öre coin is 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 would also prefer the coin to be abolished.
When will the 50-öre coin become invalid?
The 50-öre coin will become invalid after 30 September 2010.
What is the process for withdrawing the 50-öre coin?
The final date for using this coin to make a payment will be 30 September 2010. After this there would be a period of time when they can be redeemed by the banks.
How will prices be affected if the 50-öre coin is abolished?
The Riksbank’s assessment is that prices will not be affected at all, or only very marginally. 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).
How is inflation affected by the 50-öre coin being declared invalid and its withdrawal?
The Riksbank's assessment is that inflation will not be affected as the consumer price index is calculated according to the actual price (without rounding off) of the various goods.
The 1-krona coins minted in 2009
Why has the 1-krona coins minted in 2009 a new motif?
The Riksbank has decided to use circulation coins to celebrate events of national interest instead of commemorative coins. The Riksbank will still have the opportunity to issue special commemorative coins, but this will be done less often than before. It will occur in the case of events of particular significance.
Why was the 1-krona chosen for a new motif?
The Riksbank needs to buy a large quantity of 1-krona coins in 2009 and it is the coin that is used the most.
Will the entire edition of 1-krona coins minted in 2009 carry the new design?
Yes, all of the 1-krona coins minted in 2009 will carry the new motif on the reverse of the coin. The exact number has not yet been determined, but will be at least 40 million.
What does the motif of the 2009 1-krona coin depict and who is the designer?
Designer Annie Winblad Jakubowski has created the motif, which symbolises the sea that links Sweden and Finland. The text around the edge of the coin is a quotation ”DEN UNDERBARA SAGAN OM ETT LAND PÅ ANDRA SIDAN HAFVET” (the wonderful tale of a land beyond the sea), from Anton Rosell's book "Studentbesöket i Finland " (student visit to Finland in).
Why does the Riksbank use circulation coins as commemorative coins?
As of 2009, the Riksbank will use circulation coins to celebrate events of national interest instead of commemorative coins. Minting of circulation coins will mean that the motif will be widely circulated and will be recognised by the general public. This is very much in line with the purpose – to celebrate events of national interest.
Will the Riksbank issue commemorative coins in the future?
The Riksbank will still have the opportunity to issue special commemorative coins, but this will be done less often than before. It will occur in the case of events of particular significance.
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