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.
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References in periodicals archive ?
H&M reported a 15pc jump in annual pre-tax profits to 11.01 billion Swedish kronor (pounds 838m) and turnover of 53.7 billion Swedish kronor (pounds 4.1bn) following a strong end to the financial year.
One British pound (GBP) is worth approximately 11.94 Swedish kronor (SEK).
Beltreco Ltd, which has its headquarters in Perth, posted turnover of 450 million Swedish Kronor (Euro 52 million) last year, and has a workforce of 400.
One British pound (GBP) is worth approximately 12.89 Swedish kronor (SEK).
Danone has an annual turnover of about 113 billion Swedish Kronor (Euro 13.452 billion) and a workforce of some 80,000 in 130 countries.
Sales increased by 6% in Swedish kronor and 9% in local currencies.
State-owned utility Lithunaian Energy said on November 15 that it will sign a 25 million Swedish Kronor (Euro 2.918 million) deal with Asea Brown Boveri (ABB) to provide equipment for reconstruction of the Kaunas electric substation located in central Lithuania.
The sales had increased by 47% in Swedish kronor and 48% in local currency, according to the company.

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