The Riksbank 350 years old
In 1668, the Riksdag, Sweden's parliament, decided to found Riksens Ständers Bank (the Estates of the Realm Bank), which in 1867 received the name Sveriges Riksbank. The Riksbank is thus the world's oldest central bank. In 2018, the Riksbank will celebrate its 350th anniversary.
How we will celebrate 350 years
The Riksbank is now a modern central bank with operations that are constantly being developed. Essentially, however, the task remains the same as it has always been – to create the conditions for good economic development, economic stability and growth in Sweden.
In 2018, we will be drawing attention to the important role the bank has played over 350 years. We will do this through activities aimed at a broader public, with the aim of disseminating knowledge about the Riksbank's role in the Swedish economy and the important future issues in the central bank field. We will take the opportunity to tell our story and connect our history to what is happening now and what the future may bring.
During the anniversary year we will be organising activities both for specially invited guests and for the general public, in Stockholm and all over Sweden. Some examples:
- An anniversary conference will be organised together with the Riksdag. The hosts will be the Speaker of the Riksdag, the Chair of the General Council of the Riksbank and the Governor of the Riksbank. The conference will conclude with an anniversary dinner.
- The Riksbank will organise events for the general public in six of the locations around the country where the Riksbank previously had local offices.
- During autumn 2018, the Riksbank will have an open house day at its head office on Brunkebergstorg.
- A commemorative book will be published, "Sveriges Riksbank 350 years: a central bank in a world of central banks".
How it all began
In the year 1661, Johan Palmstruch's bank Stockholm Banco began to issue the first banknotes. The banknotes were a great success, but Palmstruch issued far too many without being able to guarantee their value. His bank was closed down and he was sentenced to death, although he was later granted a reprieve. Banking activities in Sweden were instead taken over by Riksens Ständers Bank (the Riksbank), which was founded in 1668. The world's first central bank was born.
Information will gradually be added to the special website for the 350th anniversary.
Read more about the history of the Riksbank