Swedish Krona


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Swedish Krona

The currency of Sweden. It was introduced in 1873 when it replaced the former currency at the beginning of the Scandinavian Monetary Union. After World War I, the Monetary Union ended, but the Swedish government kept the krona as its own currency. In 1995, Sweden committed to joining the eurozone at an indeterminate date. However, a 2003 referendum rejected this course of action.
References in periodicals archive ?
CLS Bank links to the Real Time Gross Settlement systems operated by Central Banks in eleven currencies (US Dollar, Euro, UK Sterling, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swedish Krona, Danish Krone, Norwegian Krone and the Singapore Dollar).
Capital adequacy and quality of capital are expected to improve through retained earnings of at least Swedish krona 300 million ($37 million) in 2003.
Following regulatory approval, the Danish Krone, Norwegian Krone, Singapore Dollar and Swedish Krona have been designated as CLS Bank eligible currencies by the CLS Bank Board of Directors.
Premium rate increases rose by about 8% in 2001 and early 2002, and premium income increased in the year ended September 2001, to Swedish krona 38 billion ($4.
Order values in Swedish krona (SEK) are affected though mainly by the weakening of the US dollar against the SEK.
The company wrote net premiums of Swedish krona (Skr) 5.

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