The initial joy did not last long after the man discovered the large amount of cash. Because the banknotes are old and invalid, they hold no value. An appeal to the administrative court did not help either.

It was only many years after his mother had passed away that the son went through the moving boxes that had been kept in storage. Inside, there was more than a million kronor in cash.

According to the law, the Riksbank can redeem cash that has ceased to be legal tender if there are special reasons, which is what the man was hoping for when he turned to the Riksbank. He submitted a letter from his father to them, confirming he had set aside money for his son.

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The money is said to have come from the sale of a holiday property and an apartment. The man claims that his parents belonged to an older generation who never had a bank card and managed their finances with cash.

However, the answer from the Riksbank was no, and the cash will not be redeemed. The decision refers to the fact that it cannot be proven the money does not originate from crime or criminal activity. After an appeal, the administrative court also rejected the case.

Usually Approved

At the Riksbank, press manager Tomas Lundberg says they follow legislation to prevent money laundering and other criminal activities.

– That is why those applying for redemption must be able to explain the origin of the money and provide documentation to support their explanation. In the vast majority of cases, this is possible – about 98.5 percent of all redemption applications are approved, Lundberg told Mitt i.

He emphasizes at the same time that the review concerns the matter of fact and not whether someone has committed a crime – thus, there are no suspicions of crime regarding this particular money.

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