ReferIndia News Cash-free Sweden backpedals on banknotes

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Cash-free Sweden backpedals on banknotes

Published on: March 18, 2026, 7:24 p.m. | Source: The Economic Times

Sweden is reversing its move towards a cashless society. Citizens are now advised to keep cash for emergencies. Grocery stores and pharmacies will be required to accept banknotes. This change comes as the nation strengthens its preparedness. Digital exclusion, especially among the elderly, is a key concern. Sweden is enhancing its civil defense measures.

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