The Riksbank, officially known as the Sveriges Riksbank, is the central bank of Sweden. Established in 1668, it is one of the oldest central banks in the world. The primary role of the Riksbank is to maintain price stability and ensure a stable financial system. It sets the benchmark interest rate, which influences borrowing and spending in the economy. In addition to managing monetary policy, the Riksbank oversees the payment system and provides financial services to the government. It also works to promote a safe and efficient payment system in Sweden, contributing to the overall economic stability of the country.