Sweden’s War on Cash Runs Into a Wall–and a Heroic Bank
"The anti-cash movement has been vigorously promoted by major Swedish commercial banks as well as the Riksbank, the Swedish central bank. For three of the four major Swedish banks combined, 530 of their 780 office no longer accept or pay out cash. Fortunately, it seems that the Swedish people are not falling for the anti-cash propaganda spewed by bankers. It is reported that last year the value of cash transactions in Sweden were 99 billion krona, only a marginal decrease from ten years ago. Even more heartening is the fact that Handelsbanken, the largest bank in Sweden, is committed to serving consumers who demand cash." Continue reading →