Swedish banks were expecting an extra influx of customers this week, including many Norwegians, who may be anxious to exchange Swedish currency that’s about to be taken out of circulation.
State broadcaster NRK reported that Sweden’s old SEK 20-, 50- and 1,000 kronor bills will be invalid from Thursday, September 1. They haven’t been accepted in retail establishments since July 1 and Wednesday, August 31, is now the last day they can be exchanged in commercial banks for corresponding bills in the new currency series.
Sweden’s central bank, Sveriges Riksbank, will continue to exchange old bills, but for a fee of SEK 100.
Sweden’s current SEK 100- and 500-kronor notes will also be phased out, from June 30 of next year.