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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 1875 Norway joined this union. An equal valued krona of the monetary union replaced the three legacy currencies at the rate of 1 krona = ½ Danish rigsdaler = ¼ Norwegian speciedaler = 1 Swedish riksdaler. The new currency (krona) became a legal tender and was accepted in all three countries – Denmark, Sweden and Norway.
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 2003, with 55.9 percent vote against membership of the eurozone.
The architects behind the Riksbank’s e-krona project spoke to Fortune this week about their plans to pilot a digital version of the country’s storied currency.
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.
Swedish krona: 1873–present Replaced Swedish riksdaler [1] Historical use of a currency called crown. Country Currency Period Notes Ref
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]
Sleep deprivation was supposed to act as its own mind-altering drug. Many of Dederich’s harsher prescriptions were unique to Synanon, but his basic idea — that addicts would improve themselves by punishing each other — gained currency throughout the U.S. treatment system and particularly in prisons.
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