I love European money, well the Euro and the Kronar. They are colorful, different shaped banknotes for each denomination and usually have cute/bizarre images on the notes.
Sweden has a colorful collection with dead people on the notes (you have to be dead – sorry Swedish Chef). But since the notes are 25 years old; there’s been no updates to the printing and security features, the Riksbank (the Swedish Mint) announced a design competition to create a collection of new notes for the country.
Each note has a motif and color which was predetermined by the jury:
If you notice, the Riksbank will be introducing a new note, the 200 kronor to ease change carrying and breaking of 500kr notes. The new styles will not enter circulation until 2015 and the new coins, pictured below, will enter circulation in 2016.
The new coin will be a 2kr and the lowest coin is the 1kr. Death to the 50 öre!
Security features include sparking, a color shifting ink used in the new US banknotes and motioning, a window thread where micro-lenses are embedded to give the feeling of movement of the subject.
I will have to keep a copy when Mint begins to fade out the current collection.
But what I found really interesting about Sweden’s banknotes, the most popular, circulated note is the 500kr. There are 114 million 500kr notes in current circulation, that is 57 billion kronor out of a total 95 billion kronor in circulation. And there are 28 million 1000kr notes in circulation, amounting to 28 billion kronor. I wonder how much of that is black money.