The Swedish krona (SEK), also known as the ‘crown’ in Swedish, is Sweden’s official currency. It is abbreviated as ‘kr’ and often represented by the symbol ‘kr’. While primarily used in Sweden, the krona is also accepted in certain areas of Estonia, Latvia, and Lithuania. The currency is divided into 100 öre, though the öre is no longer used in cash transactions, with 1 krona being the smallest denomination in circulation. Coins in denominations of 1, 2, 5, and 10 krona are commonly used.

Since the early 1990s, the Swedish krona has operated as a free-floating currency and is now one of the most traded currencies globally. The Swedish Riksbank, the oldest central bank in the world, regulates it. While Sweden is technically obligated to adopt the euro, a 2003 referendum revealed that most Swedes oppose the change. As a result, the krona is expected to remain Sweden’s currency for the foreseeable future. Sweden also offers a wide range of attractions for visitors. To learn more about Sweden, consider visiting Serden!