Krona

This article is about the Swedish unit of currency. See below for a list of similarly named currencies of other countries. \n

Swedish krona banknotes\n
Denomination	Portrait\n
20	Selma Lagerlöf\n
50	Jenny Lind\n
100	Carolus Linnaeus\n
500	King Charles XI (front)\n
	Christopher Polhem (back)\n
1000	King Gustav Vasa\n
Swedish krona coins\n
\n
1 Krona (2001)\n

Krona is the name of the currency used in Sweden. The plural form is kronor and one krona is divided into 100 öre, singular and plural. The ISO 4217 code is SEK. Abbreviated "kr". The introduction of the krona, which replaced the riksdaler as the country's legal tender, was a result of the Scandinavian Monetary Union, which came into effect in 1873 and lasted until the First World War. 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. After dissolution of the monetary union Sweden, Denmark and Norway all decided to keep the name of their respective and now separate currencies. By tradition the one-krona coins carry the effigy of current monarch and one of the Coats of Arms of Sweden, or a crown, on the reverse side. The royal motto of the monarch is also inscribed on the coin.

Table of contents

1 Exchange rate 2 Coins and banknotes 2.1 Previously in circulation 2.2 Images 3 See also 4 External links

Exchange rate

\nThe exchange rate of the Swedish krona against other currencies has historically been dependent on the monetary policy pursued by Sweden at the time. Since November 1992 a managed float regime has been upheld. On October 17, 2003, the exchange rate was 7.7295 against the United States dollar, 8.9850 against the euro and 12.915 against the British pound.

Coins and banknotes

\n

Currently in circulation

\n*Banknotes\n**1 000 kr\n**500 kr\n**100 kr\n**50 kr\n**20 kr\n*Coins\n**10 kr\n**5 kr\n**1 kr\n**50 öre

Previously in circulation

\nCoins of the following values have been used in the past, but are no longer valid (excluding commemorative coins):

• Banknotes\n**10 000 kr\n**10 kr\n**5 kr\n**1 kr\n*Coins\n**20 kr\n**10 kr\n**2 kr\n**25 öre\n**10 öre\n**5 öre\n**2 öre\n**1 öre

Images

\n*\n*

See also

\n*Sveriges Riksbank\n*Monetary policy of Sweden\n*Swedish National Debt Office\n*Table of historical exchange rates

• Danish krone, Norwegian krone, Icelandic króna, Estonian kroon, Czech koruna, Slovak koruna

External links

\n*Swedish Bank Notes and Coins Category:Swedish economy\nCategory:Currencies \n\n\n\n