Photo: The Riksbank
News Tomorrow, June 30, the last day that you can use the current twenty, fifty, and a thousand patches of payment.
- The notes are valid all day Thursday but then they become invalid, says Susanne Meyer, spokesperson at the Riksbank.
The author Selma Lagerlof, opera singer Jenny Lind and the monarch Gustav Vasa is on the run as a banknote ornaments – from June 30 will be the old 20, 50 and 1,000-krona denominations invalid as means of payment.
the deputies to the Lagerlof, Lind and Vaasa on the banknotes were introduced 1 October 2015 and consisted of the writer Astrid Lindgren, the national poet Evert Taube and former Secretary-General of the United Nations Dag Hammarskjold. Banknote change has not gone entirely smoothly, a large number of counterfeit banknotes in 1000-kronor denomination was discovered by police in May, 2016.
Just over a month ago was still 2.6 billion in value out of the old banknotes still on the loose according to the Riksbank and today, June 29, is a lot of money is still missing.
– There are still 50 million banknotes remain in circulation with a value of two billion that are not redeemed. We believe that it will get into more bills in the near future. After June 30, you can go to the bank with banknotes until last August, says Susanne Meyer.
For those who fail to submit the bills later last August is still a lifeline by sending money directly to Riksbank.
– After 31 August, you can send money directly to the Riksbank, there is no end date. However, it will be charged a hundred crowns in fee per case, says Susanne Meyer.
In the future, chances are that we will have a totally cashless society. For years, cash payments over the counter decreased and the current situation is the type of payment is only 20 per cent of all payments. According to the Riksbank’s forecasts, notes that persist well into the 2030s before they cease to exist as a means of payment. Would forecast embark becomes Commercial Employees satisfied because the raw risk decreases while the Pensioners National Association concerned about a society without cash payment. Another group that may have large sums of money in his possession are criminals who come across large changes in connection with the robbery.
– We know how much money we have given out but who has the money we do not know. It is important to check if the notes are in envelopes or wherever you can have them at home, says Susanne Meyer.
However, it can be difficult for those with big money in their possession, but can not prove where the money comes from. Adds a person up a thick stack of bills on bank counter bank must, according to an EU directive and the law on money laundering, ask where the money comes from and a receipt is therefore good to have with you.
– We follow the law of money laundering just like “regular” banks. You need to be able to show where the money comes from, by any receipt or similar, says Susanne Meyer.
This fall introduced the new 100- and 500-kronor notes and new coins: one- two- and femkronan. The older versions will be invalid after June 30 next year.
The Facts: Invalid banknotes
banknotes become invalid in trading after June 30:
the 20-kronor banknote with Selma Lagerlof, introduced in 1997.
the 50-kronor banknote with Jenny Lind, introduced in 2006.
1000-kronor note Gustav Vasa, introduced in 2006.
The old 50- and 1000-patches are both slightly higher than the equivalent new notes.
banknotes which have become invalid received by the bank until 31 August.
After that, those who want to exchange old banknotes turn to the Riksbank, which will take a charge of $ 100 for every occasion.
Source: the Riksbank
the Facts: Next year yield
Today’s krona coins, tvåkronor, femkronor, 100 pieces and 500 pieces are all valid as payment after 30 June 2017.
in all cases, they are replaced by new coins or bank notes introduced in October.
After the expiry date, you can go to a bank with coins until August 31, 2017, and the notes to the 30 June 2018. Thereafter, the bills, but not coins, sent to the Riksbank.
Source: the Riksbank
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