“Three of the four largest banks in Sweden continue to phase out the manual handling of cash at their branch offices at a rapid pace. Taken together, Swedbank, Nordea, and SEB, have stopped offering cash services at their branches at the rate of three branches per week since 2010. Thus during the period 2010-2012, cash disappeared from 465 Swedish bank branches. At Swedberg bank, only 75 of its 340 branches still handle cash.  Leif Faithful, Head of Financial Infrastructure at the Swedish Bankers’ Association, believes that eventually all Swedes will need a bank card and sees this development as beneficial to ‘both consumers and trade.'”

http://bastiat.mises.org/2013/05/swedens-war-on-cash-news-from-the-frontlines/

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