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Karl Langenskiöld becomes Governor of the Riksbank
07/02/2018 -Langenskiöld participates in the work of giving the Riksbank a monopoly on issuing banknotes, 1897. He is widely acclaimed, contributing towards his appointment as Governor of the Riksbank. ...
Cheaper spirits
07/02/2018 -In Fredman’s epistle no. 24, the poet Carl Michael Bellman hails deflation as it is making aquavit cheaper. Times are bad! People are sad - but with a lower nicker comes cheaper liquor…...
The discount rate is used for the first time
07/02/2018 -Banking firm Barings Brothers triggers an international financial crisis after failed speculations. For the first time, the Riksbank uses the policy rate of the time, the discount rate, to cool down the strong demand for foreign currency.
Tumba Bruk is founded
07/02/2018 -The Riksbank wishes to put an end to counterfeit banknotes. One way is to manufacture paper that is difficult to copy. So the bank starts its own paper mill at Tumba.
Anckarström shoots the king
07/02/2018 -Gustav III is murdered by a borrower who has made large losses due to the king’s manipulation of the value of money.
The silver standard is reintroduced
07/02/2018 -Many previous attempts had been made to stabilise the value of money by making it possible to redeem banknotes for silver. This does not succeed until the reign of Charles XIV Johan. ...
New policy creates inflation
07/02/2018 -When the Hats took power, it was the end for the cautious economic policy that had long been pursued. The new policy caused inflation to soar.
The Riksbank is renamed
07/02/2018 -When the Riksdag of the Estates is abolished in 1866, the Riksbank can no longer be called the Bank of the Estates of the Realm. Its new name is Sveriges Riksbank.
The first modern banknotes
07/02/2018 -Sweden gets its first banknotes with a modern appearance. They have a horizontal format, are printed on coloured paper and are adorned with figures and other embellishments. ...