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The main events in the monetary history of the Krona are: Introduction of the Krona, based on the gold standard on 5 May 1873. (1 kg of gold = 2480 Kronor) The tie to gold is abolished on 2 August 1914. The tie to gold is de facto re-established in November 1922. The tie to gold is de jure re-established on 1 April 1924
The krona (Swedish: ⓘ; 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.
The Scandinavian Monetary Union replaced the riksdaler riksmynt in 1873 with a new currency, the krona. An equal valued krone/krona of the monetary union replaced the three Scandinavian currencies at the rate of 1 krone/krona = 1 ⁄ 2 Danish rigsdaler = 1 ⁄ 4 Norwegian speciedaler = 1 Swedish riksdaler riksmynt.
Historical scene from 1811 PYG 20,000: ... The official currency of Sweden is the Swedish krona (SEK). The motifs used are: ... USD 10: Alexander Hamilton:
The US dollar (DX=F, DX-Y.NYB) has ... which could potentially be the slowest revenue growth quarter in its history. ... Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss ...
The word "krone/krona" literally means "crown", and the differences in spelling of the name represent the differences between the North Germanic languages. The political union between Sweden and Norway was dissolved in 1905, but this did not affect the basis for co-operation in the monetary union.
Swedish krona: 1873–present Replaced Swedish riksdaler [1] Historical use of a currency called crown. Country Currency Period Notes Ref
The pegging was unilateral. At first, the ECU attachment seemed to bring about increased confidence in the Swedish krona, but this was only temporary. A 500 percent marginal interest rate for a short period was not enough to defend the krona against speculation, and Sweden had to abandon the fixed exchange rate in 16 September 1992. [5]