October 22, 2018 / 7:36 AM / 10 months ago

Swedish c.bank says banks should accept cash deposits from savers

STOCKHOLM, Oct 22 (Reuters) - Sweden’s banks should be required to handle cash transactions, the central bank said on Monday.

“The possibility to make deposits shall be included in the concept of cash services. This is a service that consumers can reasonably expect of banks,” Riksbank Governor Stefan Ingves said in a statement.

Cash use has declined drastically in Sweden in recent years and fewer banks accept cash deposits. Some shops no longer accept cash at all.

Reporting by Stockholm Newsroom

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