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 ?
In the first eight months of 1991 paper denominated in Swedish krona had been exported (net) for 33bn kronor, with a particularly large export in May after the krona had been pegged to the ecu (Diagram 10.3).
London-listed Old Mutual had told Skandia - the owner of a sizeable life insurance operation in the UK - that it would be prepared to pay 42 Swedish krona per share - equivalent to 43 billion Swedish krona (pounds 3.1bn
Swedish household products sales and distribution company Empire AB issued a profit warning on Friday (12 December), blaming a combination of high stock levels, weaker demand and a weaker Swedish krona.
Earnings were boosted by lower raw material costs and a weaker Swedish krona, while sales increased on higher volumes and better prices.
The shares were acquired by the minority shareholder Litfole Lenyatsi Ltd for one Swedish krona.
The purchase price is one Swedish krona, but Business Improver Group will also finance a restructuring of the company.
One Swedish krona (SEK) is worth approximately 0.08 British pounds (GBP).

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