Swedish krona

The krona (Swedish: [ˈkrûːna] (listen); plural: kronor; sign: kr; code: SEK) is the official currency of Sweden. 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 means "crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016.[3]

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 (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
User(s) Sweden
Issuance
Central bankSveriges Riksbank
Websitewww.riksbank.se
PrinterNone as of 19 June 2018
Valuation
Inflation9.7% (target 2.0%[1])
SourceOctober 2022[2]
MethodCPI

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). However, all öre coins were discontinued from 30 September 2010.[4] 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).[5]


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