16 Schillingar Banco / Skillingiä

The Riksens Ständers Wäxel-Banque — the Estates of the Realm's Exchange Bank — was among the oldest state-backed banks in Europe, tracing its origins to 1668. By the 1834 issue date of this series, it was operating under increasing pressure to rationalize a currency system built on the archaic Banco schilling, a unit with no direct parity to the parallel riksdaler specie coinage circulating simultaneously. The dual-language denomination text, Swedish and Finnish, reflects the political reality of the Swedish realm following the 1809 loss of mainland Finland to Russia — the Grand Duchy retained Swedish as an administrative language, but these notes circulated within Sweden proper, not across the border.

The series ran until 1849, when Sweden's currency reforms began consolidating denominations ahead of the eventual decimalization of 1855.