Swedish crown

The Swedish crown ( SEK , krona) is the principal monetary unit of the Sweden since 1873. The crown is subdivided in 100 öre (invariable in Swedish when it is indefinite): since 1991, there does not exist any more in circulation but the only part of 50 öre.

Convertion rate

At the beginning of March 2007, one needed 9,3 Swedish crowns to obtain a Euro.

History of the Swedish crown

The introduction of the crown which replaced the Riksdaler (the Dollar of State) is a result of the Scandinavian Monetary Union which came into effect in 1873 and which lasted until the First World War. Its name was Krona in Sweden and Krone in Norway and with the Denmark (these the last two countries speak about the very close languages). During the dissolution of the Union, the three Scandinavian States preserved the common noun for their three national currencies, become distinct. It should be noticed that none of these three countries has, to date, adopted the euro, contrary to the Finland which had not belonged to the monetary Union, as Russian Grand-Duché.

Sweden and the euro

Member of the European Union since 1995, Sweden deferred year by year his entry in the economic Union and monetarist. Sweden then filled the economic criteria defined in the treaty. By Referendum, the Swedes have for the moment given up adopting the Euro, in spite of the Traité of Maastricht which them there juridically constrained.

The September 14th 2003, the Swedes have, again, by referendum, rejected the euro by 56,1% of “not”, with a rate of participation of 81,2% - since (see detail in the entry Euro), Sweden blocks technically its participation in MCE II not to be then obliged to adopt the single currency.

The majority of the Swedish political parties indicated not to want to discuss of possible a future adhesion before the elections of 2010. A referendum could take place following these elections in the neighborhoods of 2012, even if it is extremely possible that this one is delayed taking into account weak the intêret carried considerably by the Swedes with the single currency. At the time of a survey in May 2007, 33,3% of the population were for whereas 53,8% were opposed to it and that 13,0% did not have an opinion on the question. The Swedes are very attached to their currency that much regards as the symbol of the sovereignty of the country. By adopting the euro, Swedish has moreover fear of compromising very the economic good health of the country (more than 4% of growth in 2006) but also the reasonable Inflation, this one amounting to 1,8% in 2006.

Swedish coins

Parts of the king Gustav VI (1950-1973)

the part (1952-1971) of 1 bronze öre
the part (1952-1971) of 2 bronze öre
the part (1952-1971) of 5 bronze öre
the part (1952-1962) of 10 öre in balk
the part (1952-1961) of 25 öre in balk
the part (1952-1961) of 50 öre in balk
the part (1952-1968) of 1 silver crown
the part (1952-1966) of 2 silver crowns
the part (1952-1971) of 5 silver crowns

The parts of 10,20 and 50 öres and 1 and 2 crowns are replaced by parts in Cupro-nickel:

the part (1962-1973) of 10 cupronickel öre
the part (1962-1973) of 25 cupronickel öre
the part (1962-1973) of 50 cupronickel öre
the part (1968-1973) of 1 cupronickel crown
the part (1968-1971) of 2 cupronickel crowns

A new part of 5 öre:

the part (1972-1973) of 5 bronze öre

Parts of the king Charles XVI (1973 -)

The first series of parts

the part (1976-1991) of 25 cupronickel öre (Cu (75%) - Nor (25%)) - demonetized in????
the part (1976-1991) of 50 cupronickel öre (Cu (75%) - Nor (25%)) - demonetized in 2006

the part (1976-2000) of 1 cupronickel crown (Cu (75%) - Nor (25%))
the part (1976 -) of 5 nickel crowns

The following parts were modified:

the part (1992 -) of 50 copper öre (Cu (97%) - Zn (2.5%) - Sn (0.5%))
the part (2001 -) of 1 cupronickel crown (Cu (75%) - Nor (25%))
the part (1991 -) of 10 crowns in But Scandinavian (Cu (89%) - Al (5%) - Zn (5%) - Sn (1%))

By tradition, the part of a crown represents the head of a Swedish king and one of the Swedish blazons on the reverse, just as the royal currency.

Banknotes Swedish

Since March 15th, 2006, the tickets of 50 crowns and 1000 crowns were replaced by equivalent tickets, but with reinforced security measures.

Bonds

Sweden: Reports/ratios of convergence (2002)

http://europa.eu.int/scadplus/leg/fr/lvb/l25062.htm

Simple: Swedish krona

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