The Swedish Krona (SEK) is issued by the Swedish Riksbank and first came out on the market in 1876. The Swedish Krona in English is often referred to as Swedish Crown which is what Krona actually means in Swedish. The Swedish Krona or as it's often referred to (kr) is structured with bills ranging from 20-1000 SEK. One hundredth of a Krona is called öre and since 2016 the smallest coin has a value of 1 kr (100 öre). The swedish krona is the 9th most traded currency on the global foreign exchange market only one position behind the chinese Yuan. It's an excellent currency to use for online gambling.