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Öre
Öre () is the centesimal subdivision of the Swedish krona. In the Swedish language, the plural of ''öre'' is either ''öre'' or ''ören''. The name ''öre'' derives from the Latin word ''aereus/aurum'', meaning gold. The corresponding subdivisions of the Norwegian and Danish krones are called øre. History During the Middle Ages, the öre was a unit of Swedish currency equal to 1/8 of a ''mark'', 3 '' örtugar'' or either 24, 36 or 48 '' penningar'' (depending on the geographical area in which it was used). It was already a unit of account in the 11th century, but was not minted as a coin until 1522. This öre was withdrawn in 1776, but returned in 1855 as 1/100 of the riksdaler. The riksdaler was replaced by the ''krona'' in 1873 (one riksdaler equalling one krona), but ''öre'' remained the name of the minor unit. The last öre coin was withdrawn in 2010, but the centesimal subdivision is still used in non-cash contexts such as bank balances and cashless transactions, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
örtug
Örtug or ortig (Finnish: ''äyrityinen'', ''aurto'' or ''aurtua'') was a medieval currency unit in Sweden. It was originally minted as a silver coin in 1370 during the reign of king Albert of Sweden. The coin weighed about 1.3 grams and consisted of 81% silver. As time passed, the örtug was debased: during the reign of Eric of Pomerania, the örtug contained 0.88 grams of silver; under Christian I, 0.7 grams; and in 1534 only 0.54 grams of silver. During the reign of Gustav Vasa (1523–1560), the monetary system of Sweden was reformed: an örtug was now subdivided into 12 pennings, not 8 as before, while still valued as one third of an öre. Örtug coins were struck during the years 1523–1534; 1535–1540 in Stockholm; 1528–1531 in Västerås and 1589–1589 in Stockholm and Uppsala. Production ceased after another monetary reform in 1776. The örtug is also used as the official name of the currency in the artist Lars Vilks' micronation of Ladonia. See also *Swedi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Penning
The penning or penny was the Swedish variant of the Norwegian penning that was minted from about 1150 until 1548, and which remained as a unit of account in Sweden until 1777. Originally penning was first minted in Norway by the Norwegian king Olaf Tryggvason from the year 995, and was later adapted in both Sweden and Denmark as a coin system. The penning was minted in imitation of the pennies, pfennig and deniers issued elsewhere in Europe. However, although based on these coins, the accounting system was distinct, with different systems operating in different regions. All used the '' öre'' (derived from the Latin '' aureus'') which was worth 1/8 of a mark or 3 örtugar. However in Svealand, one öre was worth 24 penningar, but in Götaland it was worth 48 penningar and 36 in roughly the Diocese of Linköping and on Gotland. Around 1300, by royal command, the Svealand standard became the national standard, except on Gotland. The örtug was first minted around 1370 and the ö ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Krona
The krona (; plural: ''kronor''; sign: kr; code: SEK) is the official currency of the Kingdom of Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as means " crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016. One krona is subdivided into 100 '' öre'' (singular; plural ''öre'' or ''ören'', where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). However, all öre coins were discontinued from 30 September 2010. Goods can still be priced in ''öre'', but all sums are rounded to the nearest krona when paying with cash. The word ''öre'' is ultimately derived from the Latin word for gold (''aurum''). History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Øre
Øre (plural ''øre'', , ) is the centesimal subdivision of the Danish and Norwegian krone. The Faroese division is called the ''oyra'', but is equal in value to the Danish coin. Before their discontinuation, the corresponding divisions of the Swedish krona and the Icelandic króna were the öre and the eyrir, respectively. The name ''øre/öre'' derives from the Latin word ''aereus/aurum'', meaning gold. The Norwegian 10-øre coin was deprecated on 23 February 1992 and ceased to be legal tender in 1993. From then on, the only Norwegian coin in use with a value below NOK 1 was the 50-øre coin, which was also deprecated on 1 May 2012. The original value were the 1, 2, 5, 10, 25, and 50-øre coins. The Danish 25 øre coin ceased to be legal tender on 1 October 2008. The only Danish coin currently in use with a value below DKr 1 is the 50 øre. See also * Heller (money) (subdivision of Czech and Slovak crowns) * Fillér (subdivision of Hungarian forint) * Other coin n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oscar I Of Sweden
Oscar I (born Joseph François Oscar Bernadotte; 4 July 1799 – 8 July 1859) was King of Sweden and Norway from 8 March 1844 until his death. He was the second monarch of the House of Bernadotte. The only child of King Charles XIV John, Oscar inherited the thrones upon the death of his father. Throughout his reign he would pursue a liberal course in politics in contrast to Charles XIV John, instituting reforms and improving ties between Sweden and Norway. In an address to him in 1857, the Riksdag declared that he had promoted the material prosperity of the kingdom more than any of his predecessors. Early life and family Oscar was born at 291 Rue Cisalpine in Paris (today: 32 Rue Monceau) to Jean-Baptiste Jules Bernadotte, then-French Minister of War and later Marshal of the Empire and Sovereign Prince of Pontecorvo, and Désirée Clary, Napoleon Bonaparte's former fiancée. He was named '' Joseph'' after his godfather Joseph Bonaparte, who was married to his mother's elder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guilder
Guilder is the English translation of the Dutch and German ''gulden'', originally shortened from Middle High German ''guldin pfenninc'' " gold penny". This was the term that became current in the southern and western parts of the Holy Roman Empire for the Fiorino d'oro (introduced in 1252). Hence, the name has often been interchangeable with ''florin'' (currency sign ''ƒ'' or ''fl.''). The guilder is also the name of several currencies used in Europe and the former colonies of the Dutch Empire. Gold guilder The guilder or gulden was the name of several gold coins used during the Holy Roman Empire. It first referred to the Italian gold florin introduced in the 13th century. It then referred to the Rhenish gulden (florenus Rheni) issued by several states of the Holy Roman Empire from the 14th century. The Rhenish gulden was issued by Trier, Cologne and Mainz in the 14th and 15th centuries. Basel minted its own ''Apfelgulden'' between 1429 and 1509. Bern and Solothurn followed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
øre
Øre (plural ''øre'', ) is the centesimal subdivision of the Danish and Norwegian krones. The Faroese division is called the ''oyra'', but is equal in value to the Danish coin. Before their discontinuation, the corresponding divisions of the Swedish krona and the Icelandic króna were the öre and the eyrir, respectively. The name ''øre/öre'' derives from the Latin word ''aereus/aurum'', meaning gold. The Norwegian 10-øre coin was deprecated on 23 February 1992 and ceased to be legal tender in 1993. From then on, the only Norwegian coin in use with a value below NOK 1 was the 50-øre coin, which was also deprecated on 1 May 2012. The original value were the 1-, 2-, 5-, 10-, 25- and 50-øre coins. The Danish 25 øre coin ceased to be legal tender on 1 October 2008. The only Danish coin currently in use with a value below DKK 1 is the 50 øre. See also * Heller (money) (subdivision of Czech and Slovak crowns) * Fillér (subdivision of Hungarian Forint) * Other coin na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark (currency)
The mark was a currency or unit of account in many states. It is named for the mark unit of weight. The word ''mark'' comes from a merging of three Teutonic/ Germanic words, Latinised in 9th-century post-classical Latin as ', ', ' or '. It was a measure of weight mainly for gold and silver, commonly used throughout Europe and often equivalent to . Considerable variations, however, occurred throughout the Middle Ages. As of 2022, the only circulating currency named "mark" is the Bosnia and Herzegovina convertible mark. List of currencies named "mark" or similar "Mark" can refer * to one of the following historical German currencies: ** Since the 11th century: the , used in the Electorate of Cologne; ** 1319: the , minted and used by the North German Hanseatic city of Stralsund and various towns in Pomerania; ** 1502: the , a uniform coinage for the '' Wends'' () Hanseatic cities of Lübeck, Hamburg, Wismar, Lüneburg, Rostock, Stralsund, Anklam, among others, who joined ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sveriges Riksbank
Sveriges Riksbank, or simply the ''Riksbank'', is the central bank of Sweden. It is the world's oldest central bank and the fourth oldest bank in operation. Etymology The first part of the word ''riksbank'', ''riks'', stems from the Swedish word ''rike'', which means ''realm'', ''kingdom'', ''empire'' or ''nation'' in English. A literal English translation of the bank's name could thus be ''Sweden's Realm's Bank''. The bank, however, doesn't translate its name to English but uses its Swedish name ''the Riksbank'' also in its English communications. History The Riksbank began operations in 1668. Previously, Sweden was served by the Stockholms Banco (also known as the Bank of Palmstruch), founded by Johan Palmstruch in 1656. Although the bank was private, it was the king who chose its management: in a letter to Palmstruch, he gave permission to its operations according to stated regulations. But Stockholms Banco collapsed as a result of the issuing of too many notes without ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dagens Nyheter
''Dagens Nyheter'' (, ), abbreviated ''DN'', is a daily newspaper in Sweden. It is published in Stockholm and aspires to full national and international coverage, and is widely considered Sweden's newspaper of record. History and profile ''Dagens Nyheter'' was founded by Rudolf Wall in December 1864. The first issue was published on 23 December 1864. During its initial period the paper was published in the morning. In 1874 the paper became a joint stock company. Its circulation in 1880 was 15,000 copies. In the 1890s, Wall left ''Dagens Nyheter'' and soon after, the paper became the organ of the Liberal Party. From 1946 to 1959, Herbert Tingsten was the executive editor. The newspaper is owned by the Bonnier Group since 1909, when Karl Otto Bonnier acquired the remaining shares that his family had not owned (his father Albert had already acquired some shares since 1888). [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Withdrawal Of Low-denomination Coins
The withdrawal of a country's lowest-denomination coins from circulation (usually a one-cent coin or equivalent) may either be through a decision to remove the coins from circulation, or simply through ceasing minting. Reasons This withdrawal may be due to the high cost of production, since the coin may be worth less than its cost of production. For example, when Canada phased out its penny in 2012, its production cost was 1.6 cents per penny. Other reasons include low purchasing power and low utility. Often coins are withdrawn after their purchasing power has been eroded after decades of inflation. In Switzerland, the 1 Rappen coin had fallen into disuse by the early 1980s, but was still produced until 2006, albeit in ever decreasing quantities. Conversely, the British Treasury department initially argued for the retention of the ''decimal'' halfpenny, on the grounds that its withdrawal would drive up inflation. In some countries, such as New Zealand, withdrawn coins are declar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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