Course GBP(British Pound)-SEK(Swedish Krona) for today
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Chart British Pound Swedish Krona
Online Cross Course GBP SEK
The United Kingdom's central bank is the Bank of England. As the fourth most traded currency, the British Pound is the third most held reserve currency in the world. Common names for the British Pound include the Pound Sterling, Sterling, Quid, Cable, and Nicker.
- Central bank: The Bank of England
- The pound is the world’s oldest currency still in use and was the de facto global currency until WW II.
- The economy of Great Britain (or the United Kingdom) is the third largest in Europe, after Germany and France.
- Napoleon famously called the UK “a nation of shopkeepers”. Banking, insurance, and business services still account for a large proportion of the British GDP.
Early Currency in Sweden During the medieval period, Sweden used silver currency. In 1625, however, copper coins were introduced and the currency system was switched to a bimetallic standard. In 1745, Sweden suspended its copper standard, issued irredeemable banknotes, and imposed an in-convertible paper standard. Due to inflation and major economic problems, the currency depreciated and Sweden returned to the silver standard system in 1776.
- Central bank: Sveriges Riksbank (Swedish National Bank).
- The Swedish krona (meaning “crown”) is a floating currency.
- Sweden is required to adopt the euro at some point, but has not met preconditions to join ERM II and peg the krona to the euro. Swedes rejected adopting the euro in a 2003 referendum.
- Sweden has a modern, high-tech market economy. Exports include machinery (35%), motor vehicles, paper products, pulp and wood, iron and steel, chemicals.