/ / SEK: currency. Monetary unit of Sweden

SEK: currency. Monetary unit of Sweden

Monetary unit of Sweden is the local krona.It was put into circulation in 1873. Then Denmark and Sweden created a single economic space in the form of a Scandinavian monetary union. Two years later Norway joined him. After the end of the First World War, three states begin to issue their own crowns, which have not only a regional but also a national status.

General information about Swedish krona

In the Swedish kroner a hundred era.In the international financial system, the Swedish krone has the designation SEK. The currency of Sweden has not lost its positions in the homeland, despite the country's membership in the European Union. An interesting fact is that this Scandinavian state has not entered the Eurozone at the moment, although under the 1994 agreement it undertook to do so if it meets certain criteria.

History of the Swedish crown

Many tourists and travelers do not know whoseSEK currency. The Swedish krona was put into circulation instead of the riksdaler. In translation from Swedish, krona means "crown". The Scandinavian monetary union assumed an equal value of the currencies of the Scandinavian states in relation to gold, the content of which in coins was set at 0.4032258 grams.

With the outbreak of World War I, Sweden, Denmark andNorway stopped providing gold for its coins. Paper notes were launched into circulation, which significantly affected the rates of all three currencies. The Scandinavian monetary union was not formally dissolved, but in fact it ceased to exert any influence on the monetary policy of the three states in 1924. Then the Danish and Norwegian coins were deprived of the status of an official payment instrument in the territory of Sweden, and SEK (the currency of the country) became the only monetary unit in this state.

Big Bang

Big Bang, or "Big Bang", the October event1982, which had a huge impact on the further development of the Swedish economy. Then the country's leadership organized and implemented a large devaluation of the Swedish krona, resulting in the SEK currency rate fell by 16%. The reason for such measures was the stagnation of the Swedish economy and the backlog from other Western countries, partly caused by the international economic crisis in the 70s of the XX century. The term Big Bang itself was borrowed from astronomy. The name should symbolize the beginning of a new stage in the development of the national economy of Sweden.

Paper banknotes of the Swedish crown

For today in circulation take partpaper denominations of twenty, fifty, one hundred, five hundred and one thousand SEK. What currency can boast of original stories? The Swedish Krona! On a banknote of twenty crowns, a portrait of the writer S. Lagerlöf on the obverse and the hero of her work "Niels Holgersson's Wonderful Journey through Sweden" by Nils on the reverse side is depicted. On fifty crowns the face of the opera singer Lind Jenny is proudly adorned. A hundred crowns depict a Swedish naturalist and physician, Linnaeus Karl.

sek currency

On a bill of five hundred crowns - Swedish King Charles XI and a scientist, industrialist and inventor Christopher Polhammar. SEK - a currency worth a thousand crowns - contains the image of the King of Sweden Vazy Gustav.

sek what currency

Since 2005, they have excluded from circulationpaper notes and old-style coins. It will be by the way to emphasize that the coins began to disappear from circulation due to the liquidation of the Mint of Sweden, whose existence was considered economically impractical. The photo below shows the banknotes of the last series.

exchange rate sek

In connection with the deficit of small-sized coins inSweden has a peculiar tradition of rounding the value of all goods to half a crown. SEK - currency in banknotes and coins - is realized in branches of local banks, in exchange points, in the territory of large shopping centers, in good hotels or at the post office.