Sweden could be set to become the world’s first cashless society over the next few years. At this time they use less physical money than any other country. Between 2009 and 2014 the total value of the banknotes and coins in circulation in Sweden dropped from 11.3 billion euros to 8.5 billion euros according to Swedish Central Bank data. Specialists expect the cash to be eliminated in a decade or even earlier. The public reaction is to sustain a such measure in majority.
- Written by Robert Woodward
- Category: Economy & Trade