Cash has a future: Sweden’s Nyberg
Cash will continue to play an important role in Sweden's payment system for the foreseeable future as cards and other technological developments will not be able to fully replace banknotes, Lars Nyberg, a deputy governor at the Riksbank, on Tuesday said.
At the Cards and Cash Payments Forum in Stockholm, Sweden, Nyberg said: "The role played by cash in payments from customers to companies is declining steadily, but the position of cash as a means of payment between private individuals is still
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