Old Swedish coins and banknotes will become invalid after 30 June, 2017. 20-, 50- and 1,000-krona banknotes as well as old 1-, 2- and 5-kronor coins cannot be used for payments after this date.
Therefore go through your pockets, clean out your drawers and start using your Swedish currency now.
Swedish banks are gearing up for large amounts of coins being deposited, and some banks apply a fee on coin deposit. If you are planning on travelling to Sweden and want local currency you should keep the above date in mind when visiting the bureau de change.
“If you have a very large amount of coins it’s good if you contact your branch in advance. We had one customer who brought in 40,000 kronor in 1-krona coins,” SEB press spokesperson Frank Hojem told TT newswire. The only old coin left in circulation will be the 10 krona coin.
The easiest way of getting rid of the old bank notes is to use them as means of payment in Sweden before 30 June 2017. You can also deposit the money into your bank account.
The Riksbank, Sweden’s central bank, estimates that approximately 1.3 billion coins, valued at nearly 2 billion kronor, are still in circulation. People who are in possession of old notes and reside outside of Sweden can visit their local bank or bureau de change to exchange them for another currency.
The final bank deposit date for the 1-, 2- and 5-kronor coins is August 31st, 2017.
The Riksbank has a detailed schedule (in English) for the banknote and coin changeover, and a map where you can find your nearest coin-deposit location is available at Myntkartan.se.
You can also use the service of Leftover Currency.
So start rummaging through your private areas, you might have a small fortune hidden there!
Empty Your Piggy Bank for Swedish Krona, written by Tor Kjolberg