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16 Schillingar Specie / Skillingiä
| Issuer | Riksens Ständers Wäxel-Banco |
|---|---|
| Year | 1802-1834 |
| Type | Standard circulation banknote |
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|---|---|
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| Protection type | Watermark |
| Protection description | Circular watermark device visible on the paper stock, discernible on both faces of the note. |
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| Comments |
Riksens Ständers Wäxel-Banco — the Estates of the Realm Exchange Bank — was the world's oldest central bank, founded in 1668, and by the early nineteenth century it was already a politically compromised institution. The Swedish Riksdag's direct control over note issuance had led to chronic over-printing, and the period covered by this issue coincides with Sweden's post-Napoleonic monetary crisis, during which the banco's notes traded at a steep discount to their face value in silver specie.
The bilingual denomination — Swedish and Finnish — reflects the unified Swedish realm before Finland's cession to Russia in 1809, though the series ran well past that date. Notes issued after 1809 bearing Finnish text were technically circulating in a country that no longer included Finland as Swedish territory.