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Sweden (SEK) Swedish Krona
The krona has been the official currency of Sweden since 1873. It is often
abbreviated as ‘kr’ and the currency code is ‘SEK’. One Krona is made up of 100
öre and the same currencies also exist in the other Scandinavian countries. If
you pluralise krona it becomes kronor. Although Sweden is obliged to join the
‘Eurozone’ at some point, recent referendums have rejected this proposition and
Sweden, like other northern European countries, is electing not to be a part of
the single currency for the time being.
Currently in circulation
50 öre, 1, 5 and 10 kronor are the denominations of coins that are currently in
circulation. Banknotes are of the values 20, 50, 100, 500 and 1,000 kronor.
These are all controlled through the central Sveriges Riksbank, which is based
in Stockholm.
Exchange Facilities and traveller’s cheques
Exchange facilities are commonplace across much of Sweden. It is always a good
idea to shop around in the larger cities, where completion will enable you to
find some better deals. Be careful at the airports as you may well end up paying
higher commission rates or receiving less favourable rates of exchange for your
kronor. Sweden is geared up for the acceptance of traveller’s cheques and you
will never have a problem changing these in banks. Hotels will also tend to
offer foreign exchange facilities, but again this is not recommended as you will
rarely secure the best deals by doing this.
Using credit/debit cards
Absolutely no problems with either of these. Visa and mastercard should be
readily acceptable to most retailers, especially the largest. Just ensure that
you verify the charges that you might incur on these cards before using them
though! You should also be able to use most debit cards in the ATM machines for
cash advances, but try to restrict this to emergency use and take traveller’s
cheques and cash to avoid any fees.
Restrictions
There are no restrictions on bringing currency into Sweden. However, there is an
equivalent 10,000 euro limit on bringing money in or out of non European Union
countries.
Sweden: an overview
Sweden is an exceptionally beautiful country which is situated in northern
Europe on the eastern side of the Scandinavian peninsula. It has a border with
Norway to the west and Finland to the north east. A large part of the country
lies within the Arctic circle, in the north. This is no problem for the Swedes
though, as they are completely accustomed to living with these colder
conditions.
You will generally tend to find that the largest cities are situated in the
south of the country and usually on the Baltic Sea coast. Malmo is well worth
paying a visit and is now conveniently located across a bridge that joins to
Sweden to Denmark and Copenhagen. The nation’s capital of Stockholm is built on
an archipelago of many islands and its grand buildings and generally
awe-inspiring architecture should be seen to be believed.
As with much of Scandinavia, Sweden is not the cheapest part of the world to
visit or live. This is somewhat compensated for by the fact that everything here
is of exceptionally good quality. Be this from hotel accommodation to clothing.
For a typical 3 star hotel room per night and for two people, you will probably
need to find at least £120 or $180.
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