were forced to take over, reducing the outstanding loans and exchanging the notes for coins. The liquidation of the bank was completed in 1667 and Palmstruch was imprisoned, blamed with the bank's losses. On September 17, 1668, Palmstruch's privilege to operate a bank was transferred to the Riksens Ständers Bank, operated by the parliament. Due to the failure of Stockholms Banco, this new bank was not permitted to issue banknotes until the 18th century. The Riksens Ständers Bank was later renamed Sveriges Riksbank and remains the central bank of Sweden to this day. See also Taula de canvi Banco del Giro Hamburger Bank Bank of Amsterdam External links 'Stockholms Banco' from Sveriges Riksbank Stockholms Banco 1657-1668 (in Swedish) Images of daler banknotes Notes Banks of Sweden Economic history of Sweden 1657 establishments in Sweden Companies established in 1657 Swedish Empire Pyramid and Ponzi schemes