Sweden's official currency is the Swedish Krona, represented by the ISO code SEK and the symbol kr. Situated in Northern Europe, Sweden is the nation where this currency is utilized. The issuance and regulation of the Swedish Krona are under the authority of the Sveriges Riksbank, commonly known as the Bank of Sweden.
Swedish Krona (SEK) Denominations
The Swedish Krona is available in various denominations, catering to the needs of everyday transactions. Banknotes come in values of 20, 50, 100, 200, 500, and 1,000 Kronor. In contrast, coins are issued in denominations of 1, 2, 5, and 10 Kronor, making it convenient for consumers to handle smaller transactions and exact change. While the öre coins used to be a subunit of the Krona, they are no longer in circulation due to inflation, with amounts now commonly rounded to the nearest whole Krona.