KRONA Meaning and
Definition
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A krona is a monetary unit and official currency of Sweden. It is denoted by the symbol "kr" and is subdivided into 100 öre, although the öre is no longer circulated. The krona is managed and issued by the Sveriges Riksbank, the central bank of Sweden.
First introduced in 1873, the krona replaced the former Swedish riksdaler currency. It has remained the official currency through different historical periods in Sweden. The word "krona" itself means "crown" in Swedish, reflecting its link to the royal Swedish crown.
The krona is widely used for everyday transactions throughout Sweden, and its value fluctuates in relation to other currencies. It is also accepted in some border regions with neighboring countries. Coins are circulated in denominations of 1, 5, and 10 kronor, while banknotes are issued in values of 20, 50, 100, 200, 500, and 1,000 kronor.
As a stable and internationally recognized currency, the krona supports economic activities, trade, and tourism within Sweden. It is exchanged in currency markets and can be traded internationally. Additionally, it serves as a measure of cost and value for various goods and services in the Swedish market.
Common Misspellings for KRONA
Etymology of KRONA
The word "krona" has its etymology in the Old Norse language. "Krona" is derived from the Old Norse word "krūna", which means "crown" or "garland". In Scandinavian countries, "krona" is used as the name of their national currencies: the Swedish krona (SEK), the Norwegian krone (NOK), and the Icelandic króna (ISK). The word "krona" symbolizes the royal association of the currency, linking it to the crown or monarchy.
Similar spelling words for KRONA
- korean,
- Krohn,
- koran,
- Kram,
- groan,
- kroon,
- Krein,
- roan,
- KRON,
- krahn,
- krone.
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