Swedish central bank reopens discussion on e-krona
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A report dated October 27, 2026, said that as cash use in Sweden continues to decline, Sweden’s central bank has resumed discussing whether to introduce an e-krona. A central bank survey showed that Swedes used cash in only 5% of their most recent purchases. The report said that the digital euro may be launched in 2029, while the growing international use of stablecoins has also increased pressure to maintain the sovereign currency. However, Sweden’s central bank has not yet formally supported introducing an e-krona; the final decision rests with parliament. The relevant legislation, infrastructure development, and implementation are expected to take at least five years.
AI-written from reports · updated 2 hours ago
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- Payments Cards & MobileRiksbank reopens e-krona discussion as cash use declines further
Riksbank has resumed discussions on whether to launch an e-krona (electronic krona) as cash use continues to decline, in response to the challenges to monetary sovereignty posed by the digital euro and stablecoins. A Riksbank survey showed that Swedes used cash for only 5% of their most recent purchases; the digital euro could be launched in 2029, while growing international use of stablecoins is adding pressure. Riksbank has not yet formally backed the e-krona, and the final decision rests with Parliament; legislation, infrastructure and implementation are expected to take at least five years.
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