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Sveriges Riksbank

Sveriges Riksbank, or simply the Riksbank, is the central bank of Sweden. Founded in 1668, it is the world's oldest surviving central bank, and the third oldest bank in continuous operation. Prior to World War I, it was also the only state-owned central bank outside of the Russian Empire. Etymology The first part of the word riksbank, riks, stems from the Swedish word rike, which means realm, kingdom, empire or nation in English. A literal English translation of the bank's name could thus be Sweden's Realm's Bank. The bank, however, does not translate its name into English but rather uses its Swedish name the Riksbank in its official English-language communications also. History The Riksbank began operations in 1668. Previously, Sweden was served by the Stockholms Banco (also known as the...

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wikidata.org 0 views · 2024-12-26 22:41:31

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