Nordic banks sceptical of Swedish e-krona

Abstract

The central bank’s proposal for a digital currency has received mixed reviews, with some arguing it’s just not necessary f Stockholm’s financial sector has received news of the Riksbank’s work towards an e-krona – a central bank digital currency (CBDC) – with mixed reviews. KEY TAKEAWAYS Sweden is coming closer to introducing a digital currency; Banks are curious as to the need for a new payment system, arguing the existing framework is sufficient; In the long term, there is optimism about its opportunities provided it is done well. With issues surrounding liquidity and monetary policy already acknowledged in the Riksbank’s reports on digital currency, it seems there won’t be swift action to introduce it to the wider society.