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Sweden's old banknotes set to become worthless

Original: gamla sedlar

Swedish media are warning that nearly 4 billion kronor worth of old Swedish banknotes will become worthless once the deadline for exchanging them passes. The Riksbank's phase-out of older note series means holders must swap them at the central bank or lose the money entirely. Reports urge people to check drawers and savings for outdated notes before time runs out.

Why now: Sweden is approaching a deadline after which remaining old banknotes lose their value, prompting warnings to the public.

RiksbankSwedenSwedish krona

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