Other changes to Sweden's currency will come into play on October 1st, with over 300 million bank notes and two billion coins to be replaced as part of the gigantic project.
A fresh collection of bills featuring the likes of Swedish legends such as actress Greta Garbo and children's author Astrid Lindgren will replace other famous Swedes such as Nobel Laureate Selma Lagerlöf, botanist Carl Linneaus and King Gustav Vasa over the next couple of years.
IN PICTURES: What will Sweden's new notes look like?
The new notes were designed by Göran Österlund, whose colourful “Journey of Culture” (Kulturresan) design was selected from among eight finalists back in April 2012.
New coins will also be in Swedish people's pockets from next year, including a brand new two kronor. A fresh set of one and five kronor coins will also be introduced, while the ten kronor coin will be the only currency that doesn't get a makeover.
Today's 20, 50, and 1,000 notes will no longer be valid after June 30th 2016. The current 100 and 500 will be invalid after June 30th, 2017, together with the 1,2, and 5 kronor coins.
Swedes have become less dependent on cash in recent years and as The Local reported in October, four out of five purchases in Sweden are made electronically or by debit card.
Researchers from Oxford University discovered in 2013 that Sweden's cash was among the filthiest in Europe, with bank notes containing more bacteria than all others across the continent. One would think that, at least temporarily, this will change when the new notes come into play.