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Encyclopedia > Swedish krona
Swedish krona
svensk krona (Swedish)
All current krona notes (including the old 50 kr and 1000 kr notes)
All current krona notes (including the old 50 kr and 1000 kr notes)
ISO 4217 Code SEK
User(s) Sweden
Inflation 2.0%
Source Sveriges Riksbank, February 2007
Method CPI
Subunit
1/100 öre
Symbol kr
Plural kronor
öre öre
Coins
Freq. used 50 öre, 1 kr, 5 kr, 10 kr
Rarely used 2 kr
Banknotes
Freq. used 20 kr, 50 kr, 100 kr, 500 kr
Rarely used 1000 kr
Central bank Sveriges Riksbank
Website www.riksbank.se
Printer Tumba Bruk
Website www.tumbabruk.se

The krona (currency code SEK) has been the currency of Sweden since 1873. It is locally abbreviated kr. The plural form is kronor and one krona is divided into 100 öre (singular and plural, if not preceded by a number the plural becomes ören). The currency is sometimes informally referred to as the "Swedish crown" in English or the "couronne suédoise" in French. Image File history File links Swedish_banknotes. ... In economics, a consumer price index (CPI) or retail price index (RPI) is a statistical time-series measure of a weighted average of prices of a specified set of goods and services purchased by consumers. ... Öre is the one-hundredth subdivision of the Swedish krona currency unit. ... Look up Plural in Wiktionary, the free dictionary Plural is a grammatical number, typically referring to more than one of the referent in the real world. ... Öre is the one-hundredth subdivision of the Swedish krona currency unit. ... Sveriges Riksbank (Swedish National Bank) is the central bank of Sweden, sometimes called just the Bank of Sweden. ... The word printer is used to describe a company that provides commercial printing services, involving typesetting, printing and book-binding. ... Tumba Bruk is the printing company responsible for manufacturing of the Swedish krona banknotes. ... Öre is the one-hundredth subdivision of the Swedish krona currency unit. ...


The introduction of the krona, which replaced at par the riksdaler riksmynt, 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. Par value is a financial term, meaning stated value or face value. ... The Riksdaler was the name of the currency used in Sweden until 1873 when it was replaced with the krona as an effect of the Scandinavian Monetary Union. ... The Scandinavian Monetary Union (Swedish: Skandinaviska myntunionen, Danish: Skandinaviske møntunion) was a monetary union formed by Sweden and Denmark on May 5, 1873 by fixing their currencies against gold at par to each other. ... Combatants Allied Powers: Russian Empire France British Empire Italy United States Central Powers: Austria-Hungary German Empire Ottoman Empire Bulgaria Commanders Nikolay II Aleksey Brusilov Georges Clemenceau Joseph Joffre Ferdinand Foch Robert Nivelle Herbert H. Asquith D. Lloyd George Sir Douglas Haig Sir John Jellicoe Victor Emmanuel III Luigi Cadorna... Scandinavia is a historical and geographical region centered on the Scandinavian Peninsula in Northern Europe. ...


By tradition the one-krona coins carry the effigy of current monarch on the obverse, and a crown or one of the two Coat of arms of Sweden on the reverse. The royal motto of the monarch is also inscribed on the coin. The effigy of John Gower in Southwark Cathedral, London. ... This is a list of Swedish monarchs, that is, the Kings and ruling Queens of Sweden with Regents and Viceroys of the Kalmar Union up until the present time. ... In logic (and usually without being paired with reverse), obverse has a meaning close to contrapositive. ... The greater national coat of arms (stora riksvapnet) and the lesser national coat of arms (lilla riksvapnet) are the official coats of arms of Sweden. ... The terms obverse and reverse apply almost exclusively to currency, and most often specifically to coins; they are usually described with less precision as, respectively, the front and back sides, or with regard to a coin tossed to produce a random choice between two things, heads and tails. They can... The Royal mottos or Valspråk of the Swedish monarchs has been a tradition since first used by Gustav I of Sweden, in the early 16th century. ...

Contents

Coins

1 krona coin


Image File history File links Download high resolution version (1534x652, 423 KB) Summary This image depicts a unit of currency of a government. ... Image File history File links Download high resolution version (1534x652, 423 KB) Summary This image depicts a unit of currency of a government. ...


Six different versions of the Swedish one krona coin are still valid, from left to right:
2001-present: Carl XVI Gustaf of Sweden
2000: Carl XVI Gustaf of Sweden
1976-2000: Carl XVI Gustaf of Sweden
1952-1975: Gustaf VI Adolf of Sweden
1909-1950: Gustaf V of Sweden
1875-1907: Oscar II of Sweden (no picture here)
All have 25 mm diameter. Until 1967 they contained silver, and these are very rare in circulation since they are worth several kr. Carl XVI Gustaf, King of Sweden (Carl Gustaf Folke Hubertus) (born April 30, 1946, at Haga Palace, Solna, Uppland), is the head of state of the Kingdom of Sweden. ... Gustaf VI Adolf (Oskar Fredrik Wilhelm Olaf Gustaf Adolf) (November 11, 1882 – September 15, 1973) was King of Sweden from 1950 until his death. ... Gustaf V (Oscar Gustaf Adolf) (June 16, 1858 – October 29, 1950) was King of Sweden from 1907 until his death. ... Oscar II (Oscar Fredrik) (January 21, 1829 – December 8, 1907) was King of Sweden and Norway from 1872 until his death. ...


Other denominations

There are also 2-kronor coins (minted 1952–1971) in circulation, although rarely seen. They have 31 mm diameter and look like the 1 krona coins from respective period (3 main variants). These contained 40% silver until 1966, which meant that they already several years ago were worth much more than 2 kr, so most have been bought and melted down by arbitrageurs, and the rest are kept by collectors. General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ... In economics, arbitrage is the practice of taking advantage of a state of imbalance between two (or possibly more) markets: a combination of matching deals are struck that exploit the imbalance, the profit being the difference between the market prices. ... While hoarding coins due to their value goes back to the beginning of coinage, coin collecting as pieces of art was a later development. ...


In addition, all jubilee and commemorative coins are also legal tender. In the past there have also been ½ öre, 1 öre, 2 öre, 5 öre, 10 öre and 25 öre coins. These are no longer legal tender.

Swedish krona coins
Image Value Diameter Thickness Weight Composition
50 öre 18.75 mm 1.80 mm 3.7 g 97% copper
2.5% zinc
0.5% tin
1 krona 25 mm 1.88 mm 7 g Cupronickel
75% copper
25% nickel
2 kronor 31 mm 1.88 mm 14 g Cupronickel
75% copper
25% nickel
5 kronor 28.5 mm 2 mm 9.5 g Outer layer (46.5%): Cupronickel (as 1kr)
Inner layer (53.5%): 100% Nickel
10 kronor 20.5 mm 2.9 mm 6.6 g 89 % copper
5 % aluminium
5% zinc
1% tin
These images are to scale at 2.5 pixels per millimetre, a standard for world coins.

General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic pinkish red Atomic mass 63. ... General Name, Symbol, Number zinc, Zn, 30 Chemical series transition metals Group, Period, Block 12, 4, d Appearance bluish pale gray Atomic mass 65. ... General Name, Symbol, Number tin, Sn, 50 Chemical series poor metals Group, Period, Block 14, 5, p Appearance silvery lustrous gray Atomic mass 118. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic pinkish red Atomic mass 63. ... General Name, Symbol, Number nickel, Ni, 28 Chemical series transition metals Group, Period, Block 10, 4, d Appearance lustrous, metallic and silvery with a gold tinge Atomic mass 58. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic pinkish red Atomic mass 63. ... General Name, Symbol, Number nickel, Ni, 28 Chemical series transition metals Group, Period, Block 10, 4, d Appearance lustrous, metallic and silvery with a gold tinge Atomic mass 58. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... General Name, Symbol, Number nickel, Ni, 28 Chemical series transition metals Group, Period, Block 10, 4, d Appearance lustrous, metallic and silvery with a gold tinge Atomic mass 58. ... General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic pinkish red Atomic mass 63. ... General Name, Symbol, Number aluminium, Al, 13 Chemical series poor metals Group, Period, Block 13, 3, p Appearance silvery Atomic mass 26. ... General Name, Symbol, Number zinc, Zn, 30 Chemical series transition metals Group, Period, Block 12, 4, d Appearance bluish pale gray Atomic mass 65. ... General Name, Symbol, Number tin, Sn, 50 Chemical series poor metals Group, Period, Block 14, 5, p Appearance silvery lustrous gray Atomic mass 118. ...

Banknotes

Current Series [1]
Image Value Dimensions Main Colour Description
Obverse Reverse Obverse Reverse
20 kronor 130 × 72 mm Bluish purple Selma Lagerlöf Nils Holgersson flying over Scania
20 kronor 120 × 67 mm
50 kronor 120 × 77 mm Yellow Jenny Lind Key harp and its tonal range
100 kronor 140 × 72 mm Light blue Carolus Linnaeus Bee pollinating a flower
500 kronor 150 × 82 mm Reddish gray Charles XI Christopher Polhem
1000 kronor 160 × 82 mm Yellowish gray Gustav Vasa Olaus Magnus' picture of the Northern Peoples from 1555
These images are to scale at 0.7 pixels per millimetre, a standard for world banknotes. For table standards, see the banknote specification table.

Selma Lagerlöf, painted by Carl Larsson, 1908 Selma Lagerlöf receives the Nobel Prize in Literature The Swedish 20-krona bill, with Selma Lagerlöf   (November 20, 1858 – March 16, 1940) was a Swedish author and the first woman writer to win the Nobel Prize in Literature. ... Nils Holgerssons underbara resa genom Sverige book cover Nils Holgerssons underbara resa genom Sverige (The Wonderful Adventures of Nils) is a famous work of fiction by the Swedish author Selma Lagerlöf, published in two parts in 1906 and 1907. ... Scania (SkÃ¥ne in Swedish  ) is a geographical region of Sweden on the southernmost tip of the Scandinavian peninsula, a historical province (landskap)[1] of the Kingdom of Sweden, since 1997 a county (Län) of Sweden, before 1658 part of the Kingdom of Denmark. ... This work is copyrighted. ... Jenny Lind in New York, September 14, 1850 as based on 2006 Digital image editing. ... A keyed fiddle A nyckelharpa being played in 2006 A nyckelharpa (literally key harp) is a traditional Swedish musical instrument. ... Carolus Linnaeus, also known after his ennoblement as  , (May 23, 1707[1] – January 10, 1778), was a Swedish botanist, physician and zoologist[2] who laid the foundations for the modern scheme of nomenclature. ... Families Andrenidae Apidae Colletidae Halictidae Megachilidae Melittidae Stenotritidae Bee collecting pollen Bees are flying insects, closely related to wasps and ants. ... A flower-fly pollinating a Common Daisy (Bellis perennis) Pollination is an important step in the reproduction of seed plants: the transfer of pollen grains (male gametes) to the plant carpel, the structure that contains the ovule (female gamete). ... Image File history File linksMetadata Polhem_on_the_swedish_500_kronor_note. ... Charles XI (Karl XI) (November 24, 1655 – April 5, 1697) was King of Sweden from 1660 until his death. ... Christopher Polhem on the Swedish 500 kronor bank note. ... Gustav I of Sweden, commonly known as Gustav Vasa, but originally known as Gustav Eriksson (May 12, 1496 – September 29, 1560) was King of Sweden from 1523 until his death. ... Olaus Magnus, or Magni (Magnus, Latin for the Swedish Stora -- great -- is the family name, and not a personal epithet), reported as born in October 1490 in Linköping, and died on August 1, 1557, was a Swedish ecclesiastic and writer, who did pioneering work for the interest of Nordic...

Changes

The Riksdag (the Swedish parliament) decided on October 27, 2004, following a proposal from the Riksbank, that some older series of banknotes and coins would cease to be legal tender after December 31, 2005. The banknotes and coins affected were: The parliament building from outside. ... October 27 is the 300th day of the year (301st in leap years) in the Gregorian Calendar, with 65 days remaining. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... December 31 is the 365th day of the year (366th in leap years) in the Gregorian Calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

  • all silver-coloured 50-öre coins.
  • the old, slightly larger version of the 20-krona banknote with the bluish shade.
  • the old 100- and 500-krona banknotes without a foil strip.

None of the banknotes are common in circulation, but the two variants of the 50 öre coin were, until 2005 just as common as the copper coin. [2]


Commercial banks stopped accepting the old 50 öre coin on 30 April 2006, but continued accepting the invalid notes until the end of 2006. After that, the notes may still be exchanged at the central bank. The coins, on the other hand, formally lost their complete value when commercial banks stopped accepting them. April 30 is the 120th day of the year in the Gregorian calendar (121st in leap years), with 245 days remaining. ... For the Manfred Mann album, see 2006 (album). ...


As of March 15, 2006 there are security enhanced versions of the 50 and 1000 krona banknotes in circulation. March 15 is the 74th day of the year in the Gregorian Calendar (75th in leap years). ... For the Manfred Mann album, see 2006 (album). ...


Exchange rate

The 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. The Monetary policy of Sweden is decided by Sveriges Riksbank, the central bank of Sweden. ... A floating exchange rate is a type of exchange rate regime wherein a currencys value is allowed to fluctuate according to the foreign exchange market. ...


The euro

According to the 1995 accession treaty, Sweden is required to join the eurozone and therefore must convert to the euro at some point. Notwithstanding this, on 14 September 2003, a consultative Swedish referendum was held on the euro, the result of which was ultimately a rejection of the common currency with 42% percent of voters in favour and 56% against with a voter turnout of approximately 80% (according to the BBC) [1]. The Swedish government has argued that such a line of action is possible since one of the requirements for eurozone membership is a prior two-year membership of the ERM II. By simply choosing to stay outside the exchange rate mechanism, the Swedish government is provided a formal loophole avoiding the theoretical requirement of adopting the euro. The treaties of the European Union are effectively its constitutional law, making up the EUs primary legislation. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) is the subset of European Union member states which have adopted the euro, creating a currency union. ... For other uses, see Euro (disambiguation) or EUR (disambiguation). ... September 14 is the 257th day of the year in the Gregorian calendar (258th in leap years). ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Since the introduction of parliamentarism in Sweden six referendums have been held. ... The British Broadcasting Corporation, usually known as the BBC (and also informally known as the Beeb or Auntie) is the largest broadcasting corporation in the world in terms of audience numbers, employing 26,000 staff in the United Kingdom alone and with a budget of more than GB£4 billion... The Eurozone (also called Euro Area, Eurosystem or Euroland) is the subset of European Union member states which have adopted the euro, creating a currency union. ... The European exchange rate mechanism (or ERM) was a system introduced by the European Community in March 1979, as part of the European Monetary System (EMS), to reduce exchange-rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single...


Some of Sweden's major parties continue to believe that it would be in the national interest to join, but they have all pledged to abide by the results for the time being and show no interest in raising the issue again. There is an agreement among the parties not to discuss the issue before the 2010 general election. After it a debate could start leading towards a new referendum 2012 or later. It is likely that will be considerably later than that. Polls have under 2005 and 2006 shown figures in the neighbourhood of 45% yes and 55 % no, not counting people unsure (about 15 %).

Current SEK exchange rates
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See also

The Monetary policy of Sweden is decided by Sveriges Riksbank, the central bank of Sweden. ... The Swedish National Debt Office or Riksgäldskontoret founded by the Riksdag of the Estates in 1789, is a Government Agency in Sweden. ... Exchange rate data in US Dollars since 1969 (Source Data: Reserve Bank of Australia www. ... The Scandinavian Monetary Union (Swedish: Skandinaviska myntunionen, Danish: Skandinaviske møntunion) was a monetary union formed by Sweden and Denmark on May 5, 1873 by fixing their currencies against gold at par to each other. ... ISO 4217 Code DKK User(s) Denmark, Greenland, Faroe Islands (coins only in the latter case) Inflation rate 1. ... ISO 4217 Code NOK User(s) Norway Inflation rate 2. ... Króna (plural krónur) is the name of the currency used in Iceland. ... The Faroese króna is the currency of the Faroes. ... Swedish rounding is a method by which money is rounded from a given minimal unit to the closest larger unit represented by physical currency. ...

External links


  Results from FactBites:
 
swedish krona - Article and Reference from OnPedia.com (268 words)
Krona is also the name of a DC Comics alien villain.
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.
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.
Swedish krona - Wikipedia, the free encyclopedia (749 words)
By tradition the one-krona coins carry the effigy of current monarch on the obverse, and a crown or one of the two Coat of arms of Sweden on the reverse.
Notwithstanding this, on 14 September 2003, a consultative Swedish referendum was held on the euro, the result of which was a strong rejection of the common currency.
The Swedish government has argued that such a line of action is possible since one of the requirements for eurozone membership is a prior two-year membership of the ERM II.
  More results at FactBites »

 
 

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