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Swedish krona facts for kids

Kids Encyclopedia Facts
Two 20kr gold coins
Two golden 20 kr coins from the Scandinavian Monetary Union, which was based on a gold standard. The coin to the left is Swedish and the right one is Danish.

The Swedish krona is the currency of Sweden. The country of Sweden has used this money since 1873. In the English language, the Swedish krona means the Swedish Crown. The Swedish crowns consist of:

  • 1 öre (coin) *1991
  • 2 öre (coin) *1991
  • 5 öre (coins) *1991
  • 10 öre (coins) *1991
  • 25 öre (coin) *1991
  • 50 öre (coin)
  • 1 crown (coin)
  • 5 crown (coin)
  • 10 crown (coin) * (**)
  • 10 crown (coin)
  • 20 crown (paper)
  • 50 crown (paper)
  • 100 crown (paper)
  • 500 crown (paper)
  • 1000 crown (paper)

This is all the Swedish money there is.

*Not in use since:
**Not known when ended.

Current Changes

On December 18 2008, the Swedish Riksbank asked to phase out the 50 öre, the final öre coin, by 2010. Note, however that the öre would remain as a subdivision unit for electronic payments

Exchange Rates

Exchange rate of Swedish kronor against the Euro
The krona stand to an average of ten crowns to one euro


The Riksbank decided in 17 February 2010, to recommend the parliament to allow it to issue a 2-krona coin and a 200-krona note, the latter a new denomination for the country. However it did not recommend replacing the 20-krona note with a coin.

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