What Is the Currency of Sweden?

In Sweden, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency.

Not surprisingly, this has prompted every international forex broker to capture a slice of the forex market in Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. One of the reasons for a new series of coins is to end the use of nickel for allergy reasons.

Importance of the Krona to the Economy of Sweden

Sweden represents one of the international forex powerhouses. Per capita basis, it is also one of the richest countries not just in Europe but in the world. The wealth of this country also helps to explain why forex trading has always been popular among Swedish citizens.

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