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.
Did You Know?
These items cost the USD equivalent in the city of Stockholm, Sweden*:
10 Mile Cab Ride: $31.71 USD
Budget Dinner for 2: $45.14 USD
Pint of Beer: $7.25 USD
*Figures are based on 2018 data. Information is subject to change as exchange rates and cost of goods fluctuate.
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