Swedish Krona

The Swedish Krona is the currency of Sweden. The plural form is Swedish Kronor, and the currency is sometimes referred to as the "Swedish Crown" in English. One Krona is divided into 100 Öre. The Swedish Krona is pegged to the Euro at a rate of 10 Swedish Kronor to 1 Euro. The Swedish Krona has been the currency of Sweden since 1873. Prior to this, Sweden used the Silver Standard where the value of the Swedish Krona was based on a fixed amount of silver. The first Swedish banknotes were introduced in 1661, and the first coins were minted in 1624. The present day Swedish Krona banknotes and coins are issued by the Swedish central bank, Sveriges Riksbank. The Swedish Krona is a safe and stable currency, and Sweden is one of the few countries in the world that has its own central bank. This means that the Swedish Krona is not subject to the fluctuations of other currencies. The Swedish Krona is a strong currency, and is used by many businesses and individuals outside of Sweden. The Krona is also a popular currency for online shopping and gaming.