10 Kronor

Södermanslands Enskilda Bank was one of Sweden's private note-issuing banks operating under the enskilda system, which allowed joint-stock banks to issue their own currency against a metallic reserve. The Riksbank held a legal monopoly on note issue in larger denominations, so private banks like Södermanslands confined themselves to smaller values — the 10 Kronor sitting squarely in everyday commercial use. By 1898 the clock was already running: the Riksbank Act of 1897 set in motion the gradual absorption of private note-issuing rights, and most enskilda banks surrendered their circulation privileges within a decade.