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Sweden: how cash became more trouble than it’s worth

From theguardian.com

After eight years living in Sweden, coins and notes barely feel like money any more. Last month, my daughter lost a front tooth. She was thrilled to find that the tooth fairy came – but showed no interest whatsoever in the 10 kronor (80p) that was left behind. This is not surprising, as she has rarely, if ever, seen my Swedish wife or I use a coin to buy anything. We’re not alone. Last year, only about one in eight Swedes said they had used cash for a recent purchase. More and more cafes, restaurants and shops in my home city of Malmö are going cash free, and big retailers such as Ikea and Ahlens, Sweden’s equivalent ... (full story)

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  • Category: Fundamental Analysis