SEK, short for Swedish Krona, is the official currency of Sweden. Sometimes it can be called the Swedish crown since this is how krona is translated into English. SEK is subdivided into 100 öre and is presented with the “kr” symbol. Since 1992 it is considered a floating currency that is regulated by the Swedish central bank. When it comes to SEK fluctuations on the market, it’s strongly related to Danish Krone (DKK) and Norwegian Krone (NOK). Thus they tend to move in the same direction. Although Sweden joined the EU in 1994, it hasn’t adopted the euro (EUR), moreover, it isn’t going to do it shortly.
SEK stands for Swedish Krona, which is the national currency of Sweden. 1 Swedish Krona consists of 100 öre and can be found as “kr” - its official symbol. SEK is issued in denominations of 20, 50, 100, 200, 500, and 1,000 kronor (plural for krona) banknotes, as well as 1, 2, 5, and 10 kronor coins. Moreover, Sweden has introduced the e-krona, which is expected to replace cash.
20, 50, 100, 200, 500, 1000
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