A recent study by Stockholm University has provided a new interpretation of the runic inscription on the Forsa Ring, an ancient ring that dictated fines for specific offenses. The reinterpretation positions that ring as the oldest documented value record in Scandinavia and reveals how the Vikings handled fines in a flexible and practical manner. The research was recently published in the Scandinavian Economic History Review.The Forsa Ring (Forsaringen in Swedish) is an iron ring from Hälsingland, dated to the 9th or 10th century. The runic inscription on the ring describes fines for a specific offense, where payment was to be...