Kronor: meaning, definitions and examples

Etymology

• The term 'krona' means 'crown' in Swedish, and the currency is named to reflect Sweden's monarchy.
• In 1873, the kronor was introduced to replace the old currency called 'speciedalers', marking a shift to a modern monetary system.
• The plural form 'kronor' is used when referring to multiple units of the currency.

Economics

• Sweden has a stable economy, and the kronor is known for being one of the stronger currencies in Europe.
• The currency is managed by the Sveriges Riksbank, which is one of the world's oldest central banks, founded in 1668.
• In 2000, Sweden held a referendum about adopting the euro but chose to keep the kronor instead.

Culture

• Swedish coins come in different designs, often featuring famous Swedish figures or symbols of national pride.
• The common practice of cashless payments in Sweden has led to a significant decline in the use of physical kronor over the years.
• The kronor symbol (kr) is commonly found in shops and digital platforms, representing prices in a unique font style.

History

• Swedish banknotes have varied greatly in design, with earlier notes reflecting the art and culture of their respective times.
• The transition from various local currencies to a unified kronor aimed to simplify trade and strengthen national identity.
• During World War II, the value of the kronor was closely monitored to maintain economic stability amid global turmoil.

Comparison

• Many Scandinavian countries have their own currencies, like the Norwegian krone, which is similar in name but different in value.
• Kronor can be an interesting study in currency valuation compared to the euro and dollar, often impacted by trade relations.
• In everyday transactions, the kronor can be divided into öre, although the öre denomination is now largely phased out.

This word's position of #30,010 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.

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• 30007 galleon
• 30008 unsavoury
• 30009 feeler
• 30010 kronor
• 30011 marooned
• 30012 lewdness
• 30013 fielder
• ...