Home > Monetary policy of Sweden

• Introduction of the Krona, based on the gold standard on May 5, 1873. (1 kg of gold = 2480 Krona)
• The tie to gold is abolished on August 2, 1914.
• The tie to gold is de facto re-established in November 1922.
• The tie to gold is de jure re-established on April 1, 1924
• The tie to gold is abolished once more on September 27, 1931. Floating exchange rate.
• A tie to the British PoundAs a unit of currency, the term pound originates from the value of a Troy pound weight ( Latin libra , of high purity silver, and is the currency unit of a number of countries: Cyprus see Cyprus Pound Egypt Gibraltar Lebanon Malta Syria see Syrian pound U is introduced in June 1933Centuries: 19th century 20th century 21st century Decades: 1880s 1890s 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s 1980s Years: 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 See also 1933 in aviation 1933 in film 1933 in literature 1933 in mu. (1 GBP = 19.40 SEK)
• Tied to the US DollarThe United States dollar is the official currency of the United States. It is also widely used as a reserve currency outside of the United States. Currently, the issuance of currency is controlled by the Federal Reserve Banking system. The most commonly u on August 28August 28 is the 240th day of the year in the Gregorian Calendar (241st in leap years), with 125 days remaining. Events Wednesday, August 28, 475 The German general Orestes forces western Roman Emperor Julius Nepos to flee his capital of Ravenna and appoi, 1939Events January-June January 2 End of term for Frank Finley Merriam, 28th Governor of California. He is succeeded by Culbert Levy Olson. January 24 Earthquake kills 30. 000 in Chile about 50. 000 sq mi razed January 26 Falangists take Barcelona January 26. (1 USD = 4.20 SEK)
• A controlled appriciation of 14.3 percent, against all other currencies and gold on July 13July 13th is the 194th day (195th in leap years) of the year in the Gregorian Calendar, with 171 days remaining. Events 1500-1799 1558 Battle of Gravelines: In France, Spanish forces led by Count Lamoral of Egmont defeat the French forces of Marshal Paul, 1946Events January January 4 Theodore Schurch becomes the last person to be executed for offences committed under the Treachery Act of 1940 January 7 Allied recognize Austrian republic with 1937 borders the country is divided into four occupation zones Januar. (1 USD = 3.60 SEK)
• A controlled depriciation of 30.5 percent against the USD on September 19September 19 is the 262nd day of the year (263rd in leap years). There are 103 days remaining. Events 1356 In Battle of Poitiers English defeat French 1692 Giles Corey is pressed to death after refusing to plead in the Salem witch trials. 1777 First Battl, 1949. (1 USD = 5.17 SEK)
• Membership in the International Monetary Fund and party to the Bretton Woods Agreements on August 31, 1951.
• A controlled depriciation of 1.0 percent against gold and a 7.5 percent appreciation against the USD on December 21, 1971.
• A controlled depriciation of 5.0 percent against gold and a 5.6 percent appreciation against the USD on February 16, 1973.
• Membership in the European "currency snake" in March 1973.
• Adjustment of the exchange rates within the "snake"; a controlled 3 percent depriciation against the DEM on October 18, 1976.
• Adjustment of the exchange rates within the "snake"; a controlled 6 percent depriciation against the DEM on April 4, 1977.
• Sweden leaves the "snake". A controlled 10 percent depriciation against a trade based "currency basket" on August 29, 1977.
• A controlled depriciation of 10 percent against the "currency basket" on September 14, 1981.
• A controlled depriciation of 16 percent against the "currency basket" on October 8, 1982.
• A tie to the European Currency Unit is introduced unilaterally on May 17, 1991. (1 ECU = 7.40 SEK)
• Floating exchange rate on November 19, 1992

See also: Scandinavian Monetary Union