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SWEDISH KRONA - SEK

Todays Date : 08/15/2018

The Swedish krona, symbol Kr, code SEK, is the official currency of the Scandinavian nation of Sweden and its 9.5 million people. The krona is subdivided into 100  öre, plural ören, but these subdivisions have been discontinued since 2010. The krona is sometimes referred to as the Swedish crown, and krona translates to “crown” in Swedish. As of 2010, the Swedish krona was the 9th most traded currency in the world, accounting for 2.2% of the world’s daily trading. The Sveriges Riksbank in Stockholm is the central bank of Sweden, and happens to be the world’s oldest central bank. 

The krona replaced the riksdaler in 1873 as part of the Scandinavian Monetary Union, and remained the sole currency in Sweden, Denmark, and Norway until the beginning of World War One in 1914. At this time, all three countries reverted back to their original pre-union currencies. 

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Currency Quick Facts

Name: Swedish krona

Symbol: Kr

Code: SEK

Decimal Unit: 1/100th öre (no longer in use)

Nicknames: crown

Coins: 1, 5, 10Kr

Notes: 20, 50, 100, 500, 1,000Kr

Central Bank: Sveriges Riksbank

Country(ies): Sweden 

Currency Characteristics

Swedish krona coinage is currently circulated in the values of 1, 5, and 10Kr, while krona banknotes are currently in circulation in the denominations of 20, 50, 100, 500, and 1,000Kr. The 1,000Kr note is rarely used. Krona banknotes are multicolored with a main color unique to each denomination of value. Notes feature famous Swede figures on their front side, and native Swedish wildlife and national symbols on their reverse side. 

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