Which Swedish institution, founded in 1668, is often called the world’s oldest central bank?

Sveriges Riksbank, founded in 1668, is often called the world’s oldest central bank.

The institution began as the Riksens Ständers Bank, established by the Swedish parliament after the collapse of Stockholms Banco. It was created to provide a more reliable banking institution and to support the Swedish economy and government finances.

Its modern name, Sveriges Riksbank, became official in 1866. Over time, its responsibilities developed from banking and note issuance into the central-bank roles familiar today, including monetary policy and support for financial stability.

The Bank of England, founded in 1694, is another early and influential central bank, but it was established later. Riksbank’s age is why it is commonly described as the oldest central bank still operating.