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The 1, 2 and 5 öre were in bronze, the , , öre and 1-krona and 2-krona were in silver, and the and krona were in gold. Gold 5-krona coins were added in In the price of gold is , kronor per kg.
So one öre in bought as much gold as 1. So if it is reasonable to have the smallest denomination coin 1 krona today, in a reasonable smallest denomination coin was 1 öre.
A 10 kr gold coin weighed 4. In , production of gold coins ceased, and was briefly restarted in and before ceasing entirely.
Due to metal shortages during World War I , iron replaced bronze between and Nickel-bronze replaced silver in the 10, 25 and 50 öre in , with silver returning in Between and , the nickel-bronze 10, 25 and 50 öre were again issued.
In , iron again replaced bronze until and the silver content of the other coins was reduced. In , cupronickel replaced silver in the öre, öre and öre coins.
In , the 2 kronor switched to cupronickel and the 1-krona switched to cupronickel-clad copper it was replaced entirely by cupronickel in Nonetheless, all previous mintages of 1- and 2-krona coins are still legal tender, since and , respectively, though 2-krona coins are extremely rarely seen in circulation as they have not been issued since A new design of 2-krona coins will be issued in In , and , five-krona silver coins were produced, with designs similar to contemporary 1- and 2-krona coins.
In , a new, smaller 5-krona coin was introduced, struck in cupronickel-clad nickel. The current design has been produced since Five-krona coins minted since are legal tender but tend to be kept by collectors for their silver content.
In , the 1- and 2-öre, as well as the 2-krona coins ceased production. The size of the 5-öre coin was reduced in In , aluminium-brass " Nordic gold " krona coins were introduced.
Previous krona coins are not legal tender. Jubilee and commemorative coins have been minted and those since or later are also legal tender.
The royal motto of the monarch is also inscribed on many of the coins. The 5-krona coin was designed in , at a time when there were political efforts to abandon the monarchy, when there was a new young inexperienced king.
The monarchy remained, but the 5-krona was not given a portrait. Coins minted before have the same size, but contain the portrait of King Gustav VI Adolf and his royal motto.
The öre would still remain a subdivision unit for electronic payments. Under that law, the final date payments could be made with öre coins was September 30, Remaining öre coins could be exchanged at banks until the end of March In , notes were introduced by the Riksbank in denominations of 1 krona and 5, 10, 50, and 1, kronor.
The 1-krona was only initially issued for two years, although it reappeared between and In and , 10,krona notes were issued.
Production of the 5 kronor note ceased in , although a coin had been issued since With the introduction of a krona coin in , production of krona notes ceased and a 20 kronor note was introduced.
All remaining one-krona banknotes became invalid after 31 December All remaining five-krona and ten-krona banknotes became invalid after 31 December An exhaustive list of every banknote design since is not included, but the following five designs were or will be retired in — The oldest design began to be printed in A krona banknote a new denomination was printed — with a portrait of the writer Selma Lagerlöf and on the reverse was an engraved interpretation of a passage from the book Nils Holgersson's Wonderful Journey Through Sweden.
The banknote became invalid after 31 December A more secure version with the same portrait was printed from — and became invalid after 30 June A krona banknote 3rd design since was printed — with a portrait of the singer Jenny Lind and on the reverse was a picture of a silver harp and its tonal range.
A more secure version with the same portrait was introduced in and became invalid after 30 June A krona banknote a new denomination in a blue shade was introduced in with a portrait of King Charles XI and on the reverse an engraving depicts Christopher Polhem , the "father of Swedish engineering".
These banknotes became invalid on 31 December A krona banknote red, but without foil strips with the same portrait was printed — This banknote became invalid after 31 December The banknote had some controversy in because of the executions of " Snapphane " guerrilla warriors that King Charles XI ordered.
The first two designs of 1,krona banknotes printed from — and — became invalid on 31 December The third design with portrait of Jöns Jacob Berzelius printed and declared invalid on 31 December Circulation peaked at over 48 million in On 15 March , the Riksbank introduced a new, more secure 1,krona banknote with the same portrait and the Riksbank became the first central bank in the world to use the security feature of "Motion" a moving image in the striped band on the new 1,krona banknote.
When the banknote is tilted, the picture in the striped band appears to move. The Vasa banknotes with the security thread became invalid after 30 June at which time there was under 4 million in circulation.
Replacement banknotes featuring Dag Hammarskjöld became valid on 1 October , but were circulated in considerably fewer quantities less than 3.
The 10,krona banknote was always printed in small quantities as it was one of the most valuable banknotes in the world.
The first design featuring the Head of Mercury was printed in and became invalid after 31 December The second design was printed and featured a portrait of Gustav VI Adolf, and became invalid after 31 December This would also include a new krona banknote.
She pointed out that it was very inappropriate to include something by Wagner, whose works were associated with Nazi Germany , in a time of increasing problems with antisemitism in Sweden.
Wagner died long before the Nazi era, and the association is that Hitler liked his music. The Riksbank replied saying that it is "unfortunate that the choice of design is seen as negative", and stated that it is not going to be changed.
Dagens Nyheter journalist Björn Wiman went further in his criticism, condemning the Riksbank for selecting Nilsson at all for the krona banknote.
He brings up an example from Nilsson's autobiography, where she described Mauritz Rosengarten from Decca using antisemitic jokes about greed. To see where Swedish krona ranks in "most traded currencies", read the article on the Foreign exchange market.
The exchange rate of the Swedish krona against other currencies has historically been dependent on the monetary policy pursued by Sweden at the time.
Since the Swedish banking rescue , a managed float regimen has been upheld. The weakest the krona has been relative to the euro was 6 March when one euro bought The strongest the krona has been relative to the euro was on 13 August when one euro bought 8.
The weakness in the euro was due to the crisis in Greece which began in July and fear of further spreading to Italy and Spain.
The average exchange rate since the beginning of when the euro banknote and coins were issued and 1 March was 9.
According to the accession treaty , Sweden is required to join the eurozone and therefore must convert to the euro once the convergence criteria are met.
By simply not joining the exchange rate mechanism, the Swedish government is provided a formal loophole avoiding the theoretical requirement of adopting the euro.
Some of Sweden's major parties continue to believe it would be in the national interest to join, but all parties have pledged to abide by the results of the referendum, [ needs update ] and none have shown any interest in raising the issue again.
There was an agreement among the parties not to discuss the issue before the general election. In a poll from May , In February , Fredrik Reinfeldt , the Prime Minister of Sweden stated that a new referendum on the euro issue will not be held until support is gained from the people and all the major parties.
Therefore, the timing is now at the discretion of the Social Democrats. He added, the request of Mona Sahlin , former leader of the Social Democratic Party, for deferral of a new referendum until after the mandate period should be respected.
As of [update] , support for Swedish membership of the euro among the general population is low. Sweden is a wealthy country and in the s and s the value of banknotes and coins per capita was one of the highest in the world.
In , the largest banknote worth 10,kr that was in circulation since was declared invalid and no longer was legal tender.
For a discussion of the financial and banking crisis that hit Sweden in the early s see the article History of Sweden —present and Swedish banking rescue.
Unlike the USA and Canada which by policy never declare issued money invalid, Sweden and most other European countries have a date when older series of banknotes or older coin designs are invalid and are no longer legal tender.
From the years to banknotes and coins were circulated at a near constant level of around 12, krona per capita, but in a modified 1,krona banknote with a motion security strip was produced.
Within seven years the banknotes without the strip were declared invalid, leaving only a radically reduced number of banknotes with foil valid.
The Vasa 1,krona banknote without the foil strip became invalid after 31 December , and the pieces with the foil strip are invalid after 30 June Also the Swish mobile payment system was established in Sweden in and become a popular alternative to cash payments.
Although many countries are performing larger and larger share of transactions by electronic means, Sweden is unique in that it is also reducing its cash in circulation.
In upcoming years Sweden may be surpassed by Mexico, and Turkey. The circulation levels in the table above were reported to the Bank for International Settlements.
Possible discrepancies with these statistics and other sources may be because some sources exclude "commemorative banknotes and coins" 3.
Circulation levels of cash on a per capita basis, are reduced by The Riksbanken predicted that between and , the amount of cash in circulation will decline by 20 to 50 percent.
Speculation about Sweden declaring all banknotes and coins invalid at some future date is widespread in the media with Björn Ulvaeus as a celebrity advocate of a cashless Sweden which he believes will result in a safer society because simple robbery will involve stealing goods that must be fenced.
Kronans frihet ledde kortsiktigt till en växelkursminskning i storleksordningen 30 procent mot världsvalutorna. Efter har användningen av kontanter i Sverige minskat mycket.
Under har ett flertal sedlar och mynt bytt utseende och de utbytta sedlarna och mynten har gjorts ogiltiga som betalningsmedel.
För ett helt antal kronor används ofta: Mynt finns i följande valörer de senaste upplagornas motiv inom parentes: Ursprungligen präglades mynten i 80 procent silver men ändrades silverhalten till 40 procent för att helt utbytas mot kopparnickel.
Silvervärdet 2,8 g för de sista silvermynten är cirka 10—15 kr även om samlarvärdet ej är särskilt högt. Ett citat löper runt myntets övre kant och omringar havet.
Sedan 1 juli är detta enda giltiga femkronan [ 15 ]. Jubileumsmynt i silver har förekommit under talet och reguljära femkronorsmynt präglades i 40 procent silver , och Dagens giltiga tiokronorsmynt har präglats sedan och ser i stort sett likadana ut sedan dess.
Den 30 juni blev , och kronorssedlar ur tidigare serie ogiltiga. Övriga sedlar i den gamla serien blev ogiltiga den 30 juni För andra betydelser, se SEK olika betydelser.
För andra betydelser, se Svenska kronan.