The Swedish riksdaler was a currency used in Sweden from the 16th century until the 19th century. It was initially introduced as a silver coin and later evolved into banknotes. The riksdaler played a significant role in Sweden's economy, facilitating trade and commerce during its time of use. In 1873, the Swedish riksdaler was replaced by the Swedish krona, which is still the official currency of Sweden today. The transition marked a shift towards a more modern monetary system, aligning Sweden with other European countries that were adopting similar currency reforms.