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Swedish krona

Swedish krona
svensk krona (Swedish)
Swedish krona banknotes10 kr coin
ISO 4217
CodeSEK (numeric: 752)
Subunit0.01
Unit
Pluralkronor
Symbolkr
Nicknamespänn; riksdaler; crowns (English); lax/lakan/lök, papp, (rarely) bagare/bagis (1000 kr); röding (500 kr)
Denominations
Subunit
1100öre
Plural
öreöre/ören
Banknotes
 Freq. used20 kr, 50 kr, 100 kr, 200 kr, 500 kr
 Rarely used1000 kr
Coins1, 2, 5, 10 kr
Demographics
ReplacedSwedish riksdaler
User(s) Kingdom of Sweden
Issuance
Central bankSveriges Riksbank
 Websitewww.riksbank.se
PrinterDe La Rue[1]
Valuation
Inflation1.8% (target 2.0%[2])
 SourceNovember 2024[2]
 MethodCPI

The krona (Swedish: [ˈkrûːna] ; plural: kronor; sign: kr; code: SEK) is the currency of the Kingdom of Sweden. It is one of the currencies of the European Union. Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; 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 means "crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016.[3][needs update]

One krona is subdivided into 100 öre (singular; plural öre or ören, where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). Coins as small as 1 öre were formerly in use, but the last coin smaller than 1 krona was discontinued in 2010. Goods can still be priced in öre, but all sums are rounded to the nearest krona when paying with cash. The word öre is ultimately derived from the Latin word for gold (aurum).[4]

  1. ^ "De La Rue becomes the Riksbank's new banknote supplier". Sveriges Riksbank. 19 September 2018. Retrieved 17 December 2024.
  2. ^ a b "Current inflation rate". Sveriges Riksbank. 7 November 2024. Retrieved 17 December 2024.
  3. ^ Triennial Central Bank Survey: Foreign exchange turnover in April 2016 (PDF) (Report). Bank for International Settlements. December 2016.
  4. ^ "Ordet öre kommer av latinets Aereus/aurum" (in Swedish). Sveriges Riksbank. Retrieved 22 January 2012.

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