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A little wonder, every day

Europe’s first banknotes were issued in Sweden in 1661

An invented 1661 Stockholm credit note held above a heavy copper plate coin in a reconstructed bank interior. It is not an authentic historical banknote.
A merchant struggles with a heavy copper plate coin while a paper credit note is offered; reconstructed illustrative scene.
A reconstructed Stockholm Banco clerk hands a handwritten credit certificate across the counter; no specific historical individual is depicted.
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An invented 1661 Stockholm credit note held above a heavy copper plate coin in a reconstructed bank interior. It is not an authentic historical banknote.

Listen to fact0:00 / —

Europe’s first banknotes appeared in Sweden in 1661. They were issued by Stockholms Banco, founded by Johan Palmstruch, amid problems with heavy copper coins. The paper notes were easier to carry, but the bank later printed too many and lost depositors’ confidence.