Sweden, a Scandinavian nation, is home to thousands of inland lakes and coastal islands, as well as glaciated mountains and expansive boreal forests. The currency of Sweden is the Swedish Krona (SEK) which is often presented with the symbol kr and is made up of 100 öre. The krona, meaning "crown" in English, is also recognized in Sweden as the "kosing" or "spänn." Sweden doesn't have a minimum wage, but the krona prevails strongly. In 1873, the Swedish krona replaced the riksdaler riksmynt at par when the Scandinavian Monetary Union was established.
The aforementioned union of Denmark and Sweden adopted the gold standard to value the krona at 0.04032% a kilogram of gold. The currencies were separated after WWI and the split-up of the union. Sweden kept its krona. The exchange rate has been approved to float against other currencies since 1992, with the central bank meddling when required to sustain the krona's value. Sweden was anticipated to adopt the euro and join the eurozone as a part of 1995's accession treaty, although most of the citizens and politicians are not in support of adopting the euro. Accordingly, there is no necessity to give up the krona, and as of 2019, there are negative plans to change.
