Swedish krona

The Swedish krona was put into circulation in 1873, as a result of the formation of the Scandinavian monetary union , which existed until the First World War . The new monetary unit replaced the previously used ryksdaler . The Scandinavian countries, with the currency krona in Sweden and krone in Denmark and Norway , which means “crown” in Scandinavian languages, became members of the union. After the collapse of this association, all three countries decided to keep the name, but for their own currencies.

According to tradition, the portrait of the monarch of Sweden is depicted on the front side of the coin with a denomination of one crown, and on the back - one of the arms of Sweden , or the crown. The motto of the king is also present on the coin.

Big Bang

Big Bang from the English. Big Bang , occurred in October 1982, when Sweden devalued its currency (Swedish krona) by 16%. The reason for what happened was the international economic recession of the 1970s, the lag behind many other countries in economic terms and Sweden’s desire to catch up. The term " Big Bang " was taken from astronomy. This name was supposed to mean a new beginning for the entire Swedish economy .

On December 31, 1987, banknotes of the samples 1874, 1890, 1892, 1894, 1896, 1898, 1914, 1939, 1940, 1948, 1952, 1954 were withdrawn from circulation.

On January 1, 1992, 10,000 kroons of the 1958 sample were seized.

On January 1, 1999, 5 kroons of the 1965 sample, 10 kroons of the 1963 sample, 50 kroons of the 1965 sample, 100 kroons of the 1965 sample, 500 kroons of the 1985 sample and 1000 kroons of the 1976 sample were seized.

On 1 January 2006, 20 kroons of the 1991 sample, 100 kroons of the 1986 sample and 500 kroons of the 1989 sample were seized.

On January 1, 2014, 50 kroons of the 1996 sample and 1,000 kroons of the 1989 sample were withdrawn from circulation ^[1] .

As of October 2015, the following banknotes were used in circulation :

• 20 crowns with the image of the writer Selma Lagerlöf on the front side and the hero of her fairy tale “A wonderful journey of Niels with wild geese” - Niels - on the back;
• 50 crowns with the image of opera singer Jenny Lind ;
• 100 crowns with the image of Karl Linnaeus ;
• 500 kroons with the image of King Charles XI and the Swedish inventor and industrialist Christopher Polham ;
• 1000 crowns with the image of King Gustav Vasa .

On October 1, 2015, the Bank of Sweden began issuing banknotes with new images, as well as a banknote of 200 kroons:

• 20 kroons (from October 1, 2015) with the image of the writer Astrid Lindgren on the front side and the heroine of her fairy tale “Peppy Longstocking” . On the back is Smoland , where Astrid Lindgren grew up;
• 50 crowns (from October 1, 2015) with the image of the poet, composer and artist Evert Taube . On the reverse side is Bohuslain , one of the places where the master sought inspiration;
• 100 CZK (from October 3, 2016) with the image of actress Greta Garbo . On the back of Stockholm , where the actress grew up;
• 200 kroons (from October 1, 2015) with the image of the director Ingmar Bergman . On the reverse side is the island of Foryo , where the director found eternal peace;
• 500 CZK (from October 3, 2016) with the image of the opera singer Birgita Nilsson . On the reverse side is the Öresund bridge in Lena Skåne , in which the singer grew up;
• 1000 kroons (from October 1, 2015) with the image of the UN Secretary General, member of the Swedish Academy Dag Hammarskjöld . On the reverse side is Lappland , whose nature was very interested in Dag Hammarskjöld ^[2] .

Coins that were legal tender as of May 2016:

• 1 crown (all coins issued since 1875;);
• 2 crowns (all coins issued in 1876-1971 have not been issued since 1972);
• 5 kroons (all coins issued since 1954);
• 10 kroons (all coins issued since 1991);
• all commemorative coins issued since 1897.

Coins in the 1st and 2nd era were withdrawn from circulation on June 30, 1972, the 5th and 25th era were removed on June 30, 1985, the 10th era on September 30, 1992. From January 1, 2006, coins in the 50th era, minted in 1875-1991, were withdrawn from circulation. Since September 30, 2010 all coins in the 50th era have been withdrawn from circulation.

From October 1, 2016, the release of coins of a new type in 1, 2 and 5 crowns was started. From June 30, 2016, old banknotes in denominations of 20, 50, and 1,000 kroons became invalid, and starting from June 30, 2017, old banknotes in denominations of 100 and 500 kroons and obsolete coins (issued before 2016) of 1, 2, and 5 kroons became invalid.

Thus, from October 2017, all banknotes and old-style coins were withdrawn (not counting 10 kroons) ^[3] .

In 2002, the Mint of Sweden was acquired by the Mint of Finland. Due to unprofitability in 2011, the Mint of Sweden was closed ^[4] .

Since 1992, Sweden has been using a free-floating exchange rate regime . The criterion for the effectiveness of the exchange rate policy ( exchange rate anchor ) are inflation indicators.

• Central Bank of Sweden
• Scandinavian Monetary Union
• Sweden and Euro
• Refusal to use cash in Sweden

• riksbank.se (Swedish) - Bank of Sweden official website

• Don Norris World Coin Gallery - Sweden
• Ron Wise World's Paper Money Gallery - Sweden The ^Mirror
• World Currency History - Sweden
• Global Financial Data - Swedish Krona
• Global Currency History Table for Global Financial Data (   in Microsoft Excel format )
• Coins of Sweden (catalog and gallery)
• Coins of the Kingdom of Sweden , Theodosia Museum of Money
• Banknotes of the Kingdom of Sweden , Theodosia Museum of Money
• Swedish Banknote Gallery (German )