In 1684, the currency situation in Swedish Pomerania was complex and challenging, characterized by a fragmented monetary landscape typical of the Holy Roman Empire. The province did not have a unified currency but operated within a multi-currency system. The official accounting unit was the
Swedish riksdaler, but in daily circulation, a plethora of coins were used, including local
Pomeranian schillings and
pfennigs, various German Reichsthalers and Groschen from neighbouring states, and even Polish and Dutch coins. This created constant difficulties in trade and taxation, as the values of these coins fluctuated against each other and against the accounting unit.
The root of the instability lay in the discrepancy between the officially mandated
Kurantgeld (full-value coin) and the debased
Schneidemünzen (small change) used for local transactions. Swedish authorities struggled to control the influx of inferior coinage from neighbouring German territories, which often drove better-quality Swedish money out of circulation (Gresham's Law). Furthermore, the Swedish state, engaged in costly continental wars, frequently resorted to manipulating currency values to finance its military, which led to inflation and eroded public trust.
Consequently, the Swedish administration in Stettin faced persistent economic headaches. Efforts to standardize the currency and align it more closely with the imperial monetary system were ongoing but met with limited success due to the entrenched local practices and the broader geopolitical pressures on Sweden. The situation in 1684 was thus one of monetary confusion, where official policy, market reality, and the demands of imperial warfare were in constant tension, hindering efficient economic governance in the dominion.