FACTS
372 million banknotes in circulation
At the end of 2009/beginning of 2010, there were approximately 372 million banknotes in circulation, amounting to a total value of SEK 104.6 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 2009/beginning of 2010 there were just over 119 million of these in circulation.
Notes and coins
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. However, the Riksbank can in certain cases redeem banknotes sent by post. Read more about the type of banknotes and what to do here:
How to redeem invalid banknotes
How to redeem damaged banknotes
How to redeem stained and discoloured banknotes
The Riksbank does not redeem coins.
NEWS
The 50-öre coin will cease to be legal tender after 30 September 2010. However, after this date, it will be possible to redeem the coins at banks until 31 March 2011.
At the same time the act on rounding off certain amounts in öre (SFS 1970:1029) will be amended. The amendment will entail amounts in öre ending in one up to forty-nine being rounded down and amounts from fifty up to ninety-nine being rounded up.
Read more about the withdrawal of the 50-öre coin
Invalid notes
Extended period for redeeming versions of the 500-krona and 100-krona banknotes without foil strips and older 20-krona notes applies until further notice
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 still be redeemed by your bank. Any fees for redeeming the banknotes are set by the respective bank.