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Sweden is a Scandinavian country and is one of the most flourished country in the world. Scandinavian countries are the most peaceful and peace-loving countries which also includes Sweden. It is part of northern Europe and has Norway and Finland on its border and is connected through a bridge to Denmark.
History of Sweden Currency
Sweden has a long history of the kingdom and it has a currency called Krona. Sweden currency Krona was formed in the 19th century and was used in all Scandinavian countries including Denmark, Sweden, Norway and Finland. The Sweden currency literally means ‘Crown’. The use of Swedish currency is decreasing with time and this effect is seen in many other countries as well. People in these countries use more of a paper money. Sweden currency is being less used since young people are diverting towards paper money, like bank cards or mobile cash. Sweden currency is less in production as well due to decreased use.
Detail About Sweden Currency
Sweden currency has coins and notes which are produced. Sweden currency, for coins consists of
- 1 Krona,
- 2 Krona,
- 5 Krona
- 10 Krona.
The Sweden currency produced in shape of notes are
- 1000 Krona.
Even when Sweden is part of the European continent, it still has its own independent currency. There was a referendum held in Sweden to whether to join in and change Sweden currency Krona to Euro. A large percentage of voters, withstand with current Sweden currency.
Sweden currency to PKR & USD
In exchange market, 1 Krona is equal to 14. 87 pkr. In exchange rate of Sweden currency to USD, 1 krona is equal to 0.11 dollars.