Central Banks
Sweden Tells Citizens to Hold Cash in Case of War or Crisis
A customer uses an automated teller machine at a bank branch in Oslo.
Photographer: Kyrre Lien/BloombergAll Swedish adults should hold a week’s worth of cash at home so they can buy food, medicine and other essentials in case of a war or other crisis, Sweden’s central bank said.
In addition to the 1,000 kronor ($110) per adult, Swedes should also keep bank cards from multiple lenders and use the local online payment service Swish, the Riksbank said on Wednesday in its first guidance on payments aimed directly at citizens.