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32 Skillingar Banco / 1 Riksdaler Riksgäld

Issuer Sveriges Rikes Ständers Bank
Year 1836-1858
Type Standard circulation banknote
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Obverse lettering Sveriges Rikes Ständers Bank inlöser vid anfordran denna Sedel å RDR 1 RGD Skillingr Trettiotvå Banco RDR 1 RGD med 1/4 Riksdr. Silfver Specie enligt 1830 Ård Mynt-fot. 1843 Den som denna Sedel efterapar eller förfalskar skall warda hängd. Men den som upptäcker Efteraparen, Förfalskaren eller Utprånglaren undfår belöning enligt Kungl. Kungörelsen af den 7 Julii 1818.
(Translation: Sweden's Estates of the Realm Bank will pay, on demand, for this note Thirty-Two Skilling Banco with 1/4 Riksdaler in silver specie according to the Year 1830 coinage standard. Those who mimic or forge this note shall be hanged. However, those who discover mimics, forgers or distributors will receive reward according to the royal proclamation of the 7th of July 1818.)
Reverse description The reverse is unprinted, presenting the plain cream-yellow paper surface on which the full obverse impression shows through in mirror image by transparency, including the lion vignette, guilloche borders, denomination text, and manuscript signatures, all visible in reverse as a consequence of the thin paper stock used.
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Sveriges Rikes Ständers Bank — later to become the Riksbank — issued this note during a period of deliberate monetary friction between two competing currency systems running in parallel: the Riksdaler Banco, backed by silver and managed by the bank, and the Riksdaler Riksgälds, a fiat currency originating from the debt notes of the Riksgäldskontoret, Sweden's national debt office. The exchange rate between them was fixed at 32 Skillingar Banco to 1 Riksdaler Riksgälds, which is precisely why this denomination exists at all — it is the conversion rate made physical.

The dual-denomination printing was a practical concession to a public forced to navigate both systems simultaneously until Sweden's currency unification in 1855 rationalized the mess into the single Riksdaler Riksmynt.

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