
“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:
The Nudge That Will Force Banks to Put More Money Into Treasury Securities
New Hong Kong Bitcoin Exchange Welcomes Mainland Customers
‘Show Us the Tapes!’: Activists March to Demand Release of Paddock Video
How the Federal Reserve Just Hid Important Data
Government Continues Its Attack On The Fifth And Sixth Amendments
Why the BBC Fails to Care
Jim Rogers: If You Want to Make Money, Become a Farmer
Mom in America arrested for inviting strippers to 16-year-old son’s birthday party
How to negotiate directly with physicians and hospitals
Dotcom: Surveillance and Copyright Extremism Will Cost United States Dearly
Owner of Snowden’s Email Service on Why He Closed Lavabit Rather Than Comply
Introducing the Ross Ulbricht Legal Defense Fund
Litecoin, Dogecoin ATMs Launching This Week in Mexico
Police Officer Fired for Repeated Use of Taser on Senior With Alzheimer's
Entertainment Company Wayi to Become Taiwan’s First Bitcoin Exchange