The method of raising funds was to issue promissory notes called Riksgälds denominated in Riksdaler which was the Swedish currency at the time. The reason why the funds could not be raised through the Riksbank was that its notes had to be backed by silver (commodity money) to two thirds, whereas no such restrictions applied for the promissory notes (credit money) issued by the Debt office. This produced a heavy seigniorage-induced inflation, where the exchange rate for the promissory notes against silver was 1 to 4 in 1834.
In 1989, after two hundred years as one of the few state agencies that reported directly to the Riksdag, the Debt office was reconstituted and is now reporting to the Ministry of Finance and the Government. After 1989 it also assumed the role as the government's internal bank from the Riksbank.
Since January 1, 2008 the Debt office handles the Swedish deposit insurance, which 1996-2007 was handled by a separate governmental agency.
Since 2022 the Swedish National Debt Office is headed by Director General Karolina Ekholm, PhD in economics.
swedish, national, debt, office, this, article, does, cite, sources, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, september, 2015, . This article does not cite any sources Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Swedish National Debt Office news newspapers books scholar JSTOR September 2015 Learn how and when to remove this template message The Swedish National Debt Office Swedish Riksgaldskontoret or shortly Riksgalden was founded by Gustav III at the Riksdag of the Estates in 1789 through the Act of union and security It is a Swedish Government agency The first task of the Debt Office was to finance the ongoing War against Russia Sign of the Swedish National Debt Office The method of raising funds was to issue promissory notes called Riksgalds denominated in Riksdaler which was the Swedish currency at the time The reason why the funds could not be raised through the Riksbank was that its notes had to be backed by silver commodity money to two thirds whereas no such restrictions applied for the promissory notes credit money issued by the Debt office This produced a heavy seigniorage induced inflation where the exchange rate for the promissory notes against silver was 1 to 4 in 1834 In 1989 after two hundred years as one of the few state agencies that reported directly to the Riksdag the Debt office was reconstituted and is now reporting to the Ministry of Finance and the Government After 1989 it also assumed the role as the government s internal bank from the Riksbank Since January 1 2008 the Debt office handles the Swedish deposit insurance which 1996 2007 was handled by a separate governmental agency Since 2022 the Swedish National Debt Office is headed by Director General Karolina Ekholm PhD in economics Directors general edit1945 1950 Fredrik Emanuel Sandberg 1950 1961 Sten Widlund 1961 1977 Karl Georg Ringstrom 1977 1987 Lars Kalderen 1988 1995 Staffan Crona 1995 2004 Thomas Franzen 2004 2013 Bo Lundgren 2013 2022 Hans Lindblad 2022 Karolina EkholmSee also edit nbsp Money portalScandinavian Monetary Union Krona Economy of Sweden Monetary policy of SwedenExternal links editWebpage of the Swedish National Debt Office Retrieved from https en wikipedia org w index php title Swedish National Debt Office amp oldid 1112271751, wikipedia, wiki, book, books, library,
