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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.
A controlled depreciation of 10% against the "currency basket" on 14 September 1981. A controlled depreciation of 16% against the "currency basket" on 8 October 1982. A tie to the European Currency Unit is introduced unilaterally on 17 May 1991. (1 ECU = 7.40 SEK) Floating exchange rate on 19 November 1992. A Swedish euro referendum is held on ...
EUR-SEK exchange rate since 1999. The Swedish krona had a fixed exchange rate from the last devaluation in 1982, until 1992. On 17 May 1991, the Swedish Central Bank pegged the krona to the European Currency Unit (ECU), but outside the European Exchange Rate Mechanism ERM I.
In November 1992, the fixed exchange rate regime of the Swedish Krona collapsed. A few months later, in January 1993, the Governing Board of the Riksbank developed a new monetary policy regime based on a floating exchange rate and an inflation target.
Iceland. Norway. Sweden. v. t. e. The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the krone/krona, based on the gold standard. It was one of the few tangible results of the Scandinavian political movement of the 19th century.
The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro's predecessor, the ECU) as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.
Several countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona. [7] At present, the euro is legal tender in 20 out of 27 European Union member states, [8] in addition to 6 countries not part of the EU (Monaco, San Marino, Vatican City, Andorra ...
Telia Sonera – telecom. 37.3% owned by the Swedish government. [80] Hitherto SEK 18 billion worth of shares has been sold reducing state ownership from 45.3% to 37.3%. [81] SAS Group – airline. 14.8% owned by the Swedish government. [82] On 13 October 2016 the Swedish government sold 13.8 million shares worth 213.9 million SEK.