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200720082010
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8 Jan 2008 - 5 May 2021
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History
Sveriges Riksbank, or the Riksbank as it is usually called, is the world’s oldest central bank. It was founded in 1668 and was then known as the Bank of the Estates of the Realm, in other words, parliament’s bank. Initially, the Riksbank was more like an ordinary commercial bank than a central bank. It lent money to the general public and did not have a monopoly on issuing banknotes until 1904. Prior to this the banks issued their own banknotes. 
 
The Riksbank began its activities in 1668. Its precursor was the so-called Palmstruch bank, or Stockholm Banco, which was founded in 1656. Although Johan Palmstruch’s bank was private, its governors were chosen by the King and the bank’s activities were regulated in a document whereby the King gave Palmstruch permission to run a bank. 
 
You can read more about the history of the Riksbank by clicking on the links in the left-hand menu.

CONTENT EXPERT
General Secretariat

LAST REVIEWED
4/18/2008
103 37 Stockholm Brunkebergstorg 11 Phone +46 8 787 00 00 Fax +46 8 21 05 31 Email registratorn@riksbank.se Press contact +46 8 787 02 00
OVERVIEWGLOSSARYLINKSCONTACTIN SWEDISH
The RiksbankInterest & exchange ratesNotes & coinsMonetary policyFinancial stabilityPress & publishedResearch
The Riksbank's role in the economy Asset management at the Riksbank Structure International Co-operation Legislation The Riksbank’s banknote history – Tumba Bruk museum Stockholms Banco The Riksbank up to the 20th century 1590-1668 17th century 18th century 19th century The Riksbank archives The house Economics prize Work at the Riksbank