“The anti-cash movement has been vigorously promoted by major Swedish commercial banks as well as the Riksbank, the Swedish central bank. For three of the four major Swedish banks combined, 530 of their 780 office no longer accept or pay out cash. Fortunately, it seems that the Swedish people are not falling for the anti-cash propaganda spewed by bankers. It is reported that last year the value of cash transactions in Sweden were 99 billion krona, only a marginal decrease from ten years ago. Even more heartening is the fact that Handelsbanken, the largest bank in Sweden, is committed to serving consumers who demand cash.”
http://bastiat.mises.org/2012/12/swedens-war-on-cash-runs-into-a-wall-and-a-heroic-bank/
Related posts:
New WiFi-Enabled Rifle Assists Hitting Moving Targets At Long Range
New Jersey kicks out Sandy volunteers because they aren’t unionized
EFF Urges Congress to Strengthen USA FREEDOM Act
Israeli Bombs Over Syria, Part Two
Florida man’s attorney claims NSA phone records will prove client’s innocence
The Forgotten Country Where Profits Beckon
Stewart: 2 years and $3 billion later, U.S. in ‘same place we were’ before election
5 Ways Your Brain Tricks You Into Making Horrible Investment Decisions
He Beat the IRS in Court, But They Still Won't Make Him Whole
Private paramilitaries guard Wisconsin mining site from protesters
Greece Considering Labor Camp for Those Who Can't Pay Their Taxes
As Secretive "Stingray" Surveillance Tool Becomes More Pervasive, Questions Over Its Illegality Incr...
India Gets The (Bitcoin) Green Light
Congress to Hold Hearing on Country's Clashing Marijuana Laws
Congress’s Plans to Lock You in