Two golden 20 kr coins from the Scandinavian Monetary Union, which were based on a gold standard. Currently circulating Swedish krona coins and volume in circulation as of 30 June 2020 Vending machines and parking meters have to a fairly high degree stopped accepting coins and accept only bank cards or mobile phone payments.
SCANDINAVIAN COINAGE SERIES
One of the reasons for a new series of coins is to end the use of nickel (for allergy reasons). The new coins also have a new portrait of the king in their design.
This also included the reintroduction of the 2 krona coin, while the current 10 krona coin remained the same. The design of the coins follows the theme of singer-songwriter Ted Gärdestad's song, " Sol, vind och vatten" (English: "Sun, wind and water"), with the designs depicting the elements on the reverse side of the coins. On 11 September 2012, the Riksbank announced a new series of coins with new sizes to replace the 1 and 5 krona coins which arrived in October 2016. While their gold parities remained during most of the interwar period, these currencies have generally been quoted at varying market rates. The mutual equivalence of all three currencies ended in World War I when their convertibility to gold was suspended. The three currencies were on the gold standard, with the krona/krone defined as 1⁄ 2480 of a kilogram of pure gold. The parties to the union were the Scandinavian countries, where the name was krona in Sweden and krone in Denmark and Norway, which in English literally means "crown". The introduction of the krona, which replaced at par the riksdaler, was a result of the Scandinavian Monetary Union, which came into effect in 1876 and lasted until the beginning of World War I. The word öre is ultimately derived from the Latin word for gold ( aurum). Goods can still be priced in öre, but all sums are rounded to the nearest krona when paying with cash. Coins as small as 1 öre were formerly in use, but the last coin smaller than 1 krona was discontinued in 2010. One krona is subdivided into 100 öre (singular plural öre or ören, where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech).
The Swedish krona was the ninth-most traded currency in the world by value in April 2016. In English, the currency is sometimes referred to as the Swedish crown, as krona means " crown" in Swedish.
SCANDINAVIAN COINAGE CODE
Both the ISO code "SEK" and currency sign "kr" are in common use the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. The krona ( Swedish: ( listen) plural: kronor sign: kr code: SEK) is the official currency of the Kingdom of Sweden. Spänn, riksdaler, crowns (English), lax/lakan/lök, bagare/bagis (rarely used these days)(1000 kr), röding (500 kr) For the Swedish Crown of Poland, see Swedish Crown. For the Swedish monarchy, see Monarchy of Sweden.
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