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YNGWIE MALMSTEEN's Picture To Appear On Swedish Bank Note?

March 7, 2011

The Swedish government is in the process of reducing the number of coins in circulation by replacing them with bank notes, which are "safe, environmentally friendly and easy to carry," according to a report at Sweden's Dagens Industri. Legendary Swedish guitarist Yngwie Malmsteen is one of the names being mentioned to grace one of the new notes, which will be decided later this month.

"The amendment of all banknotes and coins is to reduce the number of coins in the community and reduce the overall weight. The notes are the main reason that we want to upgrade security, but also renew the motives and make notes a bit more modern," says Christina Wejshammar, head of the Riksbank, which is currently dealing with modernization.

The change will not be fully completed until 2014-2015, and in a time when more people are using debit cards, there are certainly many who are wondering: Is it really worth all the work? "There is no evidence that cash will disappear completely as long as there is a need for cash — then they should be effective means of payment," said Wejshammar.

Riksbank is looking for suggestions and is accepting e-mails sent to [email protected].

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