STOCKHOLM (Xinhua) – The Swedish Central Bank, the Riksbank, unveiled Monday the country’s new coins and banknotes.
This is the first time in 30 years for the Swedish Central Bank to issue new banknotes and coins.
The banknotes are smaller in size than the current ones. The new banknotes feature some of Sweden’s most prominent cultural personalities since the 20th century.
Figures on the new coins will include Swedish King Carl XVI Gustav. The banknotes also have security features meant to offer better protection against forgery.
All the coins and banknotes will be replaced except the 10 SEK coin, which will remain unchanged.
There will be a new denomination of 200 SEK. In addition, a 2 SEK coin will come back to market after having been removed from circulation in 1971.
Four of the new banknotes will be introduced in October this year and another two banknotes, together with the coins, will start circulation in October 2016. More than 300 million banknotes and about 2 billion coins will be removed from circulation in Sweden.