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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.
In 1963, 5 kroner coins were introduced. Production of 1 and 2 øre coins ceased in 1972. The following year, the size of the 5-øre coin was reduced; production of the denomination ceased in 1982, along with the minting of the 25 øre. Ten-kroner coins were introduced in 1983. In 1992, the last 10 øre coins were minted.
The 50 øre coins are thus minted from copper-coloured bronze, the 1, 2 and 5 krone coins from a silver-coloured cupronickel alloy, and the 10 and 20 krone coins from golden aluminium bronze. The coins differ in terms of size, weight and rim. Within each sequence the diameter and weight of the coins increase with their value.
The first krone coin was a 0.800 silver coin issued in 1875. It measured 25 millimetres (0.98 in) in diameter and weighed 7.5 grams (0.26 oz). The coin featured King Christian IX of Denmark on its obverse, with the inscription KONGE AF DANMARK (King of Denmark).
Some experts observe it functioned best between 1901 and 1905, at which point it was a complete system of coin, banknotes and common drawing rights available to the central banks. Although it was effective in its own limited monetary terms, the Union, however, was only of minor importance in the total foreign relations of the member countries.
In 1994 the first 200 kroner note was issued. 5 and 10 kroner notes were also used from 1877, but these were replaced by coins in 1963 and 1983 respectively. During World War I and World War II and their aftermaths of 1917–1925 and 1940–1950, there was a shortage of change, so 1 krone and 2 kroner notes were printed as "coin notes". The ...
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The svenska riksdaler (Swedish pronunciation: [rɪksˈdɑːlɛr]) was the name of a Swedish coin first minted in 1604. Between 1777 and 1873, it was the currency of Sweden . The daler, like the dollar , [ 1 ] was named after the German Thaler .
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