Riksbank sets 1 July 2027 deadline to redeem long-invalid Swedish banknotes
Sweden's central bank has fixed a final date for redeeming banknotes that have been invalid for more than a decade. The notice matters to anyone holding pre-changeover Swedish currency, and sets out the application window, the 300-kronor fee and the documentation each applicant must supply. It is short, operational and time-limited.
- From 1 July 2027 the Riksbank will no longer redeem banknotes that have been invalid for more than ten years.
- Applications for redemption must reach the Riksbank by 30 June 2027 at the latest.
- Redemption costs 300 kronor where an application is approved, and each case is assessed individually.
- Applicants must attach supporting documentation showing where the money comes from, such as bank statements.
- The Riksbank estimates approximately SEK 3.9 billion in invalid banknotes remains unredeemed.
Executive summary
The Sveriges Riksbank said on 8 October 2026 that it will close the option to redeem invalid Swedish banknotes from 1 July 2027. After that date it will no longer redeem banknotes that have been invalid for more than ten…
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Source documents
https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/press-releases/2026/the-option-to-redeem-invalid-banknotes-will-end-on-1-july-2027/Read by Regulus 15 Oct 2026 at 20:08 UTC
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