Sweden's Riksbank Advises Citizens: Keep Cash at Home, Use Two Cards for Payment Preparedness

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Sweden's Central Bank Urges Citizens: Keep Cash, Use 2 Card Networks for Emergencies

Sweden's Central Bank Urges Citizens: Keep Cash, Use 2 Card Networks for Emergencies

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News18•05-03-2026, 21:49

Sweden's Central Bank Urges Citizens: Keep Cash, Use 2 Card Networks for Emergencies

•Sweden's Riksbank advises citizens to keep cash at home due to fears of digital system failure from cyberattacks, war, or power crises.
•Each adult should keep at least 1000 Swedish Kronor in cash for essential goods for about a week during emergencies.
•The bank also recommends having two separate card networks, like Visa and Mastercard, to ensure payment continuity if one fails.
•Concerns arise as cash use in Sweden has significantly decreased, risking payment system collapse if digital systems fail.
•Geopolitical tensions, including the Russia-Ukraine war, are a major reason for Nordic countries to prioritize resilient payment systems.

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