Swedish Krona
| Swedish krona | |
|---|---|
| svensk krona (Swedish) | |
Older Swedish bank notes which will become invalid in 2016 and 2017.
|
|
| ISO 4217 | |
| Code | SEK |
| Number | 752 |
| Exponent | 2 |
| Denominations | |
| Subunit | |
| 1/100 | öre |
| Plural | kronor |
| Symbol | kr |
| Nickname | spänn, bagare/bagis, pix, daler, riksdaler, crowns (English) |
| Banknotes | |
| Freq. used | 20 kr, 50 kr, 100 kr, 200 kr, 500 kr |
| Rarely used | 1000 kr |
| Coins | 1 kr, 2 kr, 5 kr, 10 kr |
| Demographics | |
| User(s) |
 Sweden
|
| Issuance | |
| Central bank | Sveriges Riksbank |
| Website | www |
| Printer | Tumba Bruk |
| Website | www |
| Valuation | |
| Inflation | 0.1% (target 2.0 ± 1) |
| Source | September 2015 |
| Method | CPI |
The krona (Swedish: [ˈkruːˈna]; plural: kronor; sign: kr; code: SEK) has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as krona literally means crown in Swedish. The Swedish krona was the 11th most traded currency in the world by value in April 2013.
One krona is subdivided into 100 öre (singular and plural; when referring to the currency unit itself, however, the plural definite form is ören). However, all öre coins have been discontinued as of 30 September 2010. Goods can still be priced in öre, but all sums are rounded to the nearest krona when paying with cash.
The introduction of the krona, which replaced at par the riksdaler, was a result of the Scandinavian Monetary Union, which came into effect in 1873 and lasted until the beginning of World War I. The parties to the union were the Scandinavian countries, where the name was krona in Sweden and krone in Denmark and Norway, which in English literally means "crown". The three currencies were on the gold standard, with the krona/krone defined as 1⁄2480 of a kilogram of pure gold.
After dissolution of the monetary union in August 1914, Sweden, Denmark, and Norway all decided to keep the names of their respective and now separate currencies.
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Wikipedia