Swedish krona

Swedish krona

svensk krona (Swedish)
Swedish krona banknotes 10 kr coin
ISO 4217
Code	SEK (numeric: 752)
Subunit	0.01
Unit
Plural	kronor
Symbol	kr‎
Nickname	spänn; riksdaler; crowns (English); lax/lakan/lök, papp, (rarely) bagare/bagis (1000 kr); röding (500 kr)
Denominations
Subunit
1⁄100	öre
Plural
öre	öre/ören
Banknotes
Freq. used	20 kr, 50 kr, 100 kr, 200 kr, 500 kr
Rarely used	1000 kr
Coins	1, 2, 5, 10 kr
Demographics
Replaced	Swedish riksdaler
User(s)	Kingdom of Sweden
Issuance
Central bank	Sveriges Riksbank
Website	www.riksbank.se
Printer	None as of 19 June 2018 [citation needed]
Valuation
Inflation	3.3% (target 2.0%[1])
Source	November 2023[2]
Method	CPI

The krona (Swedish: [ˈkrûːna] ^ⓘ; 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 English, the currency is sometimes referred to as the Swedish crown, as krona means "crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016.^[3]

One krona is subdivided into 100 öre (singular; plural öre or ören, where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). Coins as small as 1 öre were formerly in use, but the last coin smaller than 1 krona was discontinued in 2010. Goods can still be priced in öre, but all sums are rounded to the nearest krona when paying with cash. The word öre is ultimately derived from the Latin word for gold (aurum).^[4]