krona


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krona

the standard monetary unit of Sweden, divided into 100 ?re
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
The drawbacks of the weak krona have recently been debated intensively.
The basic concept for e-krona is as follows: it would be digital, and have a 1-to-1 conversion with an ordinary krona held in an account at the Riksbank or stored locally, for example on a card or in a mobile phone app.
Iceland has recorded strong current account surpluses (five-year average of 5.3% of GDP against the 'A' median of 2.0%), driven by favourable terms of trade and robust growth in tourism activity, which have led to a strong appreciation of the krona (19% against the US dollar between 2015 and 2017).
Sales for the six months, excluding VAT, came in at 98.37 billion Swedish krona (PS8.36 billion).
Reportedly, Opus is evaluating the issuance of a four -year senior, unsecured bond issue, that is Swedish Krona denominated, the net proceeds of which will primarily be used for refinancing purposes of the outstanding SEK500m bond, maturing on 20 November 2018.
The krona immediately plunged on the news, down by 1 percent against the euro.
Sweden's krona climbed 0.7 per cent to 8.2943 per euro.
A li 138dlPS abroad Australia 1.38 dollars Canada 1.48 dollars Czech Republic 27.60 korunas Denmark 8.28 krone Euro 1.12 euro Japan 137.99 yen New Zealand 1.70 dollars Norway 8.43 krone Saudi Arabia 5.30 riyals Singapore 1.76 dollars Sweden 9.33 krona Switzerland 1.36 francs Thailand 39.44 baht USA 1.44 dollars
If the krona strengthens further because of continued problems of confidence in the euro area, the decline in resource utilization and in inflation will be more pronounced.
Senior business leaders on the island nation have suggested ditching the krona -- and they are shopping around for a new currency to use.
The group said that the strength of the krona and restructuring costs had held profits back to 3.12 billion kronor (342 million euros, $488 million).