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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.
The reverse featured the coat of arms of Denmark with the denomination written underneath. [1] The coin was minted in the years 1875, 1876, 1892, and 1898. [2] A second silver krone was minted in 1915 and 1916, with King Christian X of Denmark on the obverse. [3] It was struck to the same specifications as the previous coin. [4]
This correlation between colour and value has been retained in the present coin series (see examples to the right). 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.
Issued on 11 March 1980 – out of print as of 10 April 1990 and replaced by a coin. It features Pauline Maria Tutein , née Tath, and two house sparrows drawn by Gunnar Larsen (1919–1981). It was part of an April Fools' Day hoax in Denmark in which all notes on which the two sparrows only showed 3 legs were said to be counterfeited .
Silver coin: 1 Riksdaler with the portrait of King Gustav III on the front, the deep side is the royal seal, minted in 1781 [8] In the 1770s, before the introduction of the new currency, coins were being issued in denominations of 1 öre K.M., 1, 2, 4, 8 and 16 öre S.M., 1 and 2 daler S.M. and 1 riksdaler.
Sweden's long-established tradition of using paper currency eased the implementation of a Gold Exchange Standard wherein gold coins rarely circulated but the respective central banks (the Sveriges Riksbank, Danmarks Nationalbank and Norges Bank) centralized their respective gold reserves and guaranteed the conversion of krone banknotes to gold ...
In 1941, a set of coins (1, 2, 5, 10 and 25 øre) was minted in London to alleviate a shortage of small change. This issue was identical to the pre-war Danish coinage already circulating, but is easily identified: the coins minted in London were made of bronze and copper-nickel, while the comparable coins minted in Denmark in 1941 were made of ...
From October 1992, the only coin in use in Sweden with a value below 1 kronor was the 50 öre coin. [2] On 18 December 2008, the Swedish Riksbank announced a recommendation to the Swedish government to phase out the final öre coin by 2010. [3] The coin ceased to be minted on 25 March 2009 [4] and ceased to be legal tender after 30 September 2010.