Swedish bank notes now useless abroad

[webfact]

 

Several foreign banks do not want to accept the Swedish krona - which affects travelers who cannot exchange money during the trip.

According to the currency dealer Forex, it has not been possible to exchange the Swedish krona abroad for several days. For Swedish tourists, it becomes problematic, as they cannot exchange money for the local currency. According to Dagens Nyheter, Thailand and some countries in the Middle East refuse to buy in the Swedish krona.

When Swedish tourists visited foreign banks and exchange offices, they were told that "Sweden does not want the krona to be used abroad", according to DN. Forex has confirmed the information on its website.

"Many customers contacted Forex customer service and wondered what to do after they failed to obtain local currencies abroad," says Tom Friberg, head of communications at Forex, to DN.

The change happened suddenly and many were taken aback.

“It happened quickly. Overnight starting May 31. But it also seems that foreign banks and exchange offices have started to act like this a few days before," says Tom Friberg.

 

According to Forex, it is about Nordic banks no longer wanting to repatriate (buy back) their local currencies from abroad. Since the turn of the year, Danish banks have acted in this way, and now Norwegian and Swedish banks are also doing the same.

 

This in turn means that foreign banks or exchange offices cannot get rid of the Swedish currency that they buy in from, for example, tourists. There is not much information from the Swedish banks about this. Forex writes on its website that they are currently working on finding answers.

 

Those of you planning to travel abroad should make sure to exchange money before departure. Also do not take Swedish cash abroad with you, Forex writes on its website.

 

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[blackcab]

SuperRich are not accepting Danish or Norwegian Krone, or Swedish Krona.

 

[blackcab]

An off topic post has been removed.

[treetops]

There's another thread from a few days ago saying the TT exchanges in Pattaya weren't taking them.  Government blaming the banks and banks blaming the government IIRC.

[Captain Monday]

If suddenly "taken to bed" I feel sorry for anyone who has to rely on Thai bank ATM fees. In the meanwhile these Swedes can use their credit/debit cards.

 

Cash should be banned anyway, I here it is not easy to use in Stockholm.

[it is what it is]

5 minutes ago, Captain Monday said:

If suddenly "taken to bed" I feel sorry for anyone who has to rely on Thai bank ATM fees. In the meanwhile these Swedes can use their credit/debit cards.

 

Cash should be banned anyway, I here it is not easy to use in Stockholm.

Cash should be banned anyway, I here it is not easy to use in Stockholm.

 

eh?

[Captain Monday]

17 minutes ago, it is what it is said:

Cash should be banned anyway, I here it is not easy to use in Stockholm.

 

eh?

I believe cash should be banned in all countries I want every kroner of income taxed and every satang of purchases subject to VAT if appropriate.

 

I hear "should have said heard or read" most business in Stockholm do not accept cash. Is that incorrect information. I have only been to Göteborg  airport.

[it is what it is]

5 minutes ago, Captain Monday said:

I believe cash should be banned in all countries I want every kroner of income taxed and every satang of purchases subject to VAT if appropriate.

 

I hear "should have said heard or read" most business in Stockholm do not accept cash. Is that incorrect information. I have only been to Göteborg  airport.

ok for people with bank accounts and smart phones. what do people who don't have bank accounts and/or smart phones do, return to bartering?!

 

cashless payments may be convenient and easy in cities, this is not the case in many rural areas, even in the uk, in developing counties it would be a disaster.

[spermwhale]

Very few establishments in Sweden even accept cash anymore. The chances of a Swede traveling abroad with Swedish banknotes to exchange into local currency is absurd. They are all plugged in and paying with debit or credit cards as well as apps. 

 

This is really a non-story, unless somebody brought over a bunch of Swedish cash and has kept in a box at home. 

[Troy Tempest]

A recent study has shown that the virus that causes COVID-19 can survive on solid surfaces like coins for up to four days and on paper like cash for up to three hours, but the virus was no longer infectious (viable) after that point.

 

Maybe people are scared of catching Krona Virus?

[Bangkok Barry]

5 hours ago, webfact said:

The change happened suddenly and many were taken to bed.

Is this a new phrase that doesn't mean what it says? It's hard to keep up with changing language, such as bad now meaning good, wicked also meaning good, and so on. Words meaning the opposite of what they used to. Who even begins these changes? 

[vinny41]

Why the Swedish Krona has fallen - lowest in 15 years

The Swedish Krona has approached historically low levels against the euro and the dollar - largely due to international concerns about the property market.

This is bad news for Swedes hoping to travel abroad this summer, but good news for some Swedish businesses.

https://www.riedia.com/article/en/swedish-krona-fallen-lowest-15-years-2023-06-04/

 

 

[Tropicalevo]

25 minutes ago, Bangkok Barry said:

Is this a new phrase that doesn't mean what it says?

It's a very old phrase that has fallen out of fashion.

[Caldera]

Did Swedes and Norwegians really travel to faraway countries with cash in their exotic local currencies, hoping to exchange it? I'd have assumed they had the good sense to take along cash in a major currency or use cards.

[vinny41]

4 minutes ago, Caldera said:

Did Swedes and Norwegians really travel to faraway countries with cash in their exotic local currencies, hoping to exchange it? I'd have assumed they had the good sense to take along cash in a major currency or use cards.

There is many media reports In Swedish language  where people have been asking is it legal for a foreign bank or exchange office to refused Swedish Krona so I assume yes people have taken Krona banknotes with them

[smedly]

5 hours ago, it is what it is said:

ok for people with bank accounts and smart phones. what do people who don't have bank accounts and/or smart phones do, return to bartering?!

 

cashless payments may be convenient and easy in cities, this is not the case in many rural areas, even in the uk, in developing counties it would be a disaster.

it will be a sad day when everything goes cashless, it might be convenient but you are then at the mercy of banks and charges for every transaction, that will be a sad day when we have no choice

[wwest5829]

1 hour ago, Bangkok Barry said:

Is this a new phrase that doesn't mean what it says? It's hard to keep up with changing language, such as bad now meaning good, wicked also meaning good, and so on. Words meaning the opposite of what they used to. Who even begins these changes? 

The phrase caught me also. I was not familiar … after a bit, it dawned on me … equals “caught sleeping”, not being aware of the sudden change. Then it made sense.

[h90]

5 hours ago, Captain Monday said:

I believe cash should be banned in all countries I want every kroner of income taxed and every satang of purchases subject to VAT if appropriate.

 

I hear "should have said heard or read" most business in Stockholm do not accept cash. Is that incorrect information. I have only been to Göteborg  airport.

Soon there will be the digital money...You'll be happy (and own nothing)....

[fulhamster]

Are Swedish banks still allowing bank transfers to other countries ?? My neighbour has his Swedish pension sent over monthly

[h90]

16 minutes ago, smedly said:

it will be a sad day when everything goes cashless, it might be convenient but you are then at the mercy of banks and charges for every transaction, that will be a sad day when we have no choice

Not only that...there are endless possibilities if government doesn't like you anymore....Heck could be bad enough if there is a technical problem.

[Bangkok Barry]

1 hour ago, wwest5829 said:

The phrase caught me also. I was not familiar … after a bit, it dawned on me … equals “caught sleeping”, not being aware of the sudden change. Then it made sense.

Then why didn't it say that? Bizarre :)

[GroveHillWanderer]

2 hours ago, Bangkok Barry said:

Is this a new phrase that doesn't mean what it says? It's hard to keep up with changing language, such as bad now meaning good, wicked also meaning good, and so on. Words meaning the opposite of what they used to. Who even begins these changes? 

Just a typo, apparently. Since corrected to, "taken aback."

[GroveHillWanderer]

1 hour ago, wwest5829 said:

The phrase caught me also. I was not familiar … after a bit, it dawned on me … equals “caught sleeping”, not being aware of the sudden change. Then it made sense.

It doesn't mean "caught sleeping" it was a typo. It's been corrected to, "taken aback."

[sqwakvfr]

1 hour ago, smedly said:

it will be a sad day when everything goes cashless, it might be convenient but you are then at the mercy of banks and charges for every transaction, that will be a sad day when we have no choice

Or something like this happens:  Due to technical issues caused by our payment provider, SumUp, we were unable to process card transactions for two hours at Aviva Stadium," the company said in a statement.

 

This was in Ireland at an American College Football game so the consequences were no beer or hot dogs for two hours.  Just imagine something like this happens for a longer period  and on a larger scale.  Essentially the future means just about everything will be electric and electronic financial transaction(meaning no physical money).  Don’t ever lose your phone because you might not be able to buy anything until you replace the phone.  

[BritScot]

8 hours ago, Captain Monday said:

If suddenly "taken to bed" I feel sorry for anyone who has to rely on Thai bank ATM fees. In the meanwhile these Swedes can use their credit/debit cards.

 

Cash should be banned anyway, I here it is not easy to use in Stockholm.

Crazy statement.

[phetphet]

2 hours ago, smedly said:

it will be a sad day when everything goes cashless, it might be convenient but you are then at the mercy of banks and charges for every transaction, that will be a sad day when we have no choice

Also at the mercy of governments. They will be able to take away your ability to buy anything or go anywhere if they so desire.

[BritScot]

I can't believe people cheer cashless society! Have they not learned anything? Canada freezing Bank accounts was bad enough just imagine governments with specific power like "you have had your 2 beers this week so no more beer or your carbon credit exceeds your allocation as a nothing person so no heating/aircon/electricity or no meat... wake up for heaven sake!!! 

[Callmeishmael]

56 minutes ago, sqwakvfr said:

 Don’t ever lose your phone because you might not be able to buy anything until you replace the phone.  

I can imagine a Kafkaesque situation where you buy everything with a phone app, then lose your phone, and then cannot pay for a new phone!

[Bangkok Barry]

1 hour ago, Bangkok Barry said:

3 hours ago, wwest5829 said:

The phrase caught me also. I was not familiar … after a bit, it dawned on me … equals “caught sleeping”, not being aware of the sudden change. Then it made sense.

Then why didn't it say that? Bizarre :)

Bizarre, and now corrected.

[Liverpool Lou]

9 hours ago, it is what it is said:

Cash should be banned anyway, I here it is not easy to use in Stockholm.

 

eh?

"Hear", not "here".