1689 - Absolute monarchy takes power over the bank

Charles XI introduced absolute monarchy and decided that the royal powers would have the last word on all matters. This also applied to the Bank of the Estates of the Realm (Sveriges Riksbank).

When the Bank of the Estates of the Realm (Sveriges Riksbank) was founded in 1668, the estates decided that the royal powers should not be involved. But Charles XI also wished to control the bank and even renamed it so that, for a time, it was known as His Royal Majesty’s State Bank.