360 million banknotes 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.
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 2010/beginning of 2011 there were just over 116 million of these in circulation.
The Riksbank is responsible for providing Sweden with banknotes and coins. 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.
The Riksbank does not have any cashier’s office for the general public to redeem banknotes and coins. he Riksbank does not redeem coins, however, the Riksbank can in certain cases redeem banknotes sent by post. Read more about the type of banknotes and what to do here:
New banknotes and coins
Sweden is to have new banknotes and coins. The new notes will have new motifs and improved security features. The new coins will be smaller and lighter. Read more
The 500-krona and 100-krona banknotes without foil strips and older 20-krona notes can be redeemes at a bank in Sweden
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 be redeemed at a commercial/private bank in Sweden. Any fees for redeeming the banknotes are set by the respective bank.
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