Originally Posted by
oliver2002
Sweden has pulled a similar stunt withdrawing 20/50/100 notes with short notice. We have a stack of 20 notes that are of no use because the processing fee exceeds the value.
The old Swedish notes are still convertible in the main to new notes. And unlike with India, Sweden gave a lot of advance notice about the notes change and had already announced a process in place to exchange the notes that have been phased out.
The Swedish currency notes being phased out was announced at least 12 months prior to being made effective. The Swedish currency notes move is nothing like the INR currency notes shenanigans we got from the Indian government.