Published
05/26/2025, 11:05The Swedish central bank (Riksbank) has said it's important to make it legal for people to pay with cash, especially when buying food, medicine, and getting medical care.
According to Finextra, the Riksbank presented its proposals as part of an ongoing investigation into the role of cash in society. Against a backdrop of growing cyber threats and power outages in Europe, the bank insists that the country should not completely abandon cash.
“People should always be able to pay for food, healthcare, and medicine both digitally and in cash,” said Riksbank Governor Erik Tedén.
Among the proposals is to require large banks to accept deposits from individuals and ensure that corporate customers have access to cash, including small amounts.
Currently, despite the dominance of digital payments, the infrastructure for handling cash remains vulnerable.
The Swedish Central Bank insists on urgent legislative measures to maintain the stability of the payment system and prevent digital inequality.
Meanwhile, many countries continue to actively develop cashless payments and introduce digital currencies. Kyrgyzstan is also taking steps in this direction: in April 2025, President Sadyr Zhaparov signed a law officially establishing the status of the digital KGS as the national currency in digital form. The National Bank was granted the exclusive right to issue the digital KGS, establish the rules for its circulation, and manage a specialized platform. The introduction of the digital KGS is expected to increase the availability of financial services, especially in remote regions, and ensure the transparency of financial transactions.
