Sweden to become first nation with digital currency!

Q.  What is the name of Sweden’s digital currency?
- Published on 18 Nov 16

a. Erokna
b. Enokra
c. Ekrona
d. Earnok

ANSWER: Ekrona
 
Sweden to become first nation with digital currency!Sweden has to decide whether it wants to issue a digital currency known as “Ekrona” within a period of two years
  • Deputy governor of Sweden’s central bank Riksbank announced the bank is considering the move after fall in sage of cash
  • Amount of notes and coins in circulation has fallen by 40 percent since 2009 with rise in online shopping and card payments
  • This is the first time a nation would give direct access to citizens for virtual money issued by a central bank
  • It is not the only country considering this
  • UK is also reported to be considering whether digital currency created and owned by the central government may be a positive way out of economic problems
  • Sweden is located in Scandinavia and it has capital city Stockholm built on 14 islands
  • Sweden has more than 50 bridges and open air Skansen
  • Its current currency is the Swedish krone and the official language spoken here is Swedish.

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