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Swedish Krona

Sweden - Swedish Krona (SEK)

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Description

The Swedish krona is the currency of Sweden. The banknotes are printed on paper. Riksbank, the central bank of Sweden, is responsible for issuing the Sweden banknotes. While Sweden is a member of the European Union, they have not yet adopted the euro. Instead, Sweden uses the best payment practices of the EU community. The krona has many local nicknames including: spänn, bagis, pix, riksdaler. The Riksbank is responsible for monetary policy with the aim of maintaining a fixed monetary value.