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Real coins·7 March 2026·4 min read

The Swedish krona — money of a near-cashless country

Sweden, one of the first countries to print banknotes, is today one of the first to abandon cash.

The Swedish krona — money of a near-cashless country
Image: CC0 · Wikimedia Commons

The Swedish krona is the currency of the country that printed the first European banknotes, in 1661. Today, paradoxically, Sweden is among the closest to a cashless society.

The circle closes

From inventing paper money to its near-total disappearance in favor of digital payments — Sweden shows the whole journey of money in a single country. Exactly the world an app like Kosron Bank prepares you for.