Central Bank of Kalmar Union

Central Bank of The Baltic Union, or Union Riksbank, is the central bank of The Baltic Union and, as heir of swedish central bank, the world's oldest central bank. It was firned in 2001 as a fusion of the swedish and norwegian central banks.

On 31 December 2009, the Bank had 2,547 employees. All Executive Board appointments are made by the King, after a decision by the Council of State. The Chairman of the Executive Board, Svein Gjedrem, who presides over the Bank, is also the acting Central Bank Governor. Both the Governor and the Deputy Governor make speaking appearances across the country on a number of occasions each year.

Motto
The motto of the Bank is Hinc robur et securitas (Herefore strength and safety).

Union Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Following its third centennial in 1968, the Bank instituted the annual Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, which is awarded with the Nobel Prizes at the Prize Award Ceremony in Stockholm, on December 10, the anniversary of Nobel's death.

Union Riksbank Investment Management
NBIM is a separate part of Norges Bank and is responsible for the operational management of the Government Pension Fund - Global. NBIM also manages Norges Bank's foreign exchange reserves. NBIM invests the fund's assets and the foreign exchange reserves in international equities and fixed income instruments, money market instruments and derivatives.