1 vote

Monetary History

Sweden's Monetary History


Copper 1668-1709
Paper 1709-1719 Suspected bank panic
Copper 1719-1745
Paper 1745-1776 Suspected bank panic
Silver 1777-1789
Paper 1789-1803 IRREDEEMABLE notes issued by the Debt Office came out, pushed out Riksbank redeem notes
Silver 1803-1809
Paper 1809-1834 Suspected bank panic
Silver 1834-1873
Gold 1873-1914
Paper 1914-1924 Suspected bank panic
Gold 1924-1931
Paper 1931-1951 Bank panic
Gold 1951-1971
Paper 1971- Suspected bank panic at the US Federal reserve

Over a period of 343 years, Sweden's currency has switched between paper and metal 13 times.
On average, we have changed currency every 26 years.
The longest period with the metal was 80 years.
The longest period with the paper 1971 - to now, is about 40 years.

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Seems we are overdue for a metal standard.
I am sure all those people before us at every single time thought, well that was in the past, we are so advanced now.
They just forgot, we humans are the same though our technology is better. So they never learned from history.