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The Swedish krona is the official money used in Sweden for buying goods and services. It matters because it's essential for Sweden's economy and daily commerce, and its value affects how Swedish businesses trade with other countries and how much Swedish exports and imports cost internationally.
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ISO 4217 CodeSEK (numeric: 752) Subunit0.01 Unit Pluralkronor Symbolkr and :- Nicknamespänn; riksdaler; crowns (English); lax/lakan/lök, papp, (rarely) bagare/bagis (1000 kr); röding (500 kr) Denominations Subunit 1⁄100öre Plural öreöre/ören Banknotes Freq. used20, 50, 100, 200, 500 kr Rarely used1000 kr Coins Freq. used1, 2, 5, 10 kr Demographics Date of introduction1873 ReplacedSwedish riksdaler User(s) Sweden Issuance Central bankSveriges Riksbank Websitewww.riksbank.se/en-gb/ PrinterDe La Rue Valuation Inflation0.8% (target 2.0%) SourceFebruary 2025 MethodCPI
The krona ( Swedish: [ˈkrûːna] ; plural: kronor; sign: kr; code: SEK) is the currency of Sweden. 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. As the ninth-most traded currency in the world by value, the Swedish krona is one of the world's G10 currencies, and is the fourth-most traded from Europe after the euro, British pound and Swiss franc. Banknotes are issued by the Sveriges Riksbank.