Swedish Krona: What it’s all about
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A ZKB customer wanted to exchange Swedish kronor into Swiss francs, but ZKB refused.
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They only exchange crowns up to a value of 100 francs.
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Most Swiss banks handle this in a similar way.
Do you still have Swedish kronor that you would like to exchange for Swiss francs? In Switzerland, this is difficult, writes “SRF” – many banks no longer accept Scandinavian currencies at all.
SRF reports on a ZKB customer who exchanged 3,000 Swedish kronor (around 249 francs) for her vacation. She assumed that the holiday home owner wanted payment for the final cleaning in cash, but then she paid with a credit card. When she wanted to exchange the money back at the branch in Bassersdorf, the ZKB said that it would only accept Swedish kronor up to the equivalent of 100 francs.
When asked by the SRF consumer magazine “Espresso”, most Swiss banks said that they also do not exchange Scandinavian currencies for francs. They justified this by saying that demand is too low and the amount of money available is too small. The SBB still allows the exchange, but only accepts 200-franc notes or smaller.
According to the Swedish Financial Supervisory Authority, cash can bring with it an increased risk of money laundering. This may be the reason why Swedish banks have withdrawn from the krone business, according to “Espresso”. Swiss banks now lack partners for krone trading.
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