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
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile me ...
. The corresponding subdivisions of the
Norwegian
Norwegian, Norwayan, or Norsk may refer to:
*Something of, from, or related to Norway, a country in northwestern Europe
* Norwegians, both a nation and an ethnic group native to Norway
* Demographics of Norway
*The Norwegian language, including ...
and
Danish krones are called
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 ...
.
History
During the Middle Ages, the öre was a unit of Swedish currency equal to 1/8 of a ''
mark
Mark may refer to:
Currency
* Bosnia and Herzegovina convertible mark, the currency of Bosnia and Herzegovina
* East German mark, the currency of the German Democratic Republic
* Estonian mark, the currency of Estonia between 1918 and 1927
* F ...
'', 3 ''
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 consist ...
ar'' 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 This öre was withdrawn in 1776, but returned in 1855 as 1/100 of the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 svenska riksdaler () was the name of a Swedish coin first minted in 1604. Between 1777 and 1873, it was the currency of Sweden. The daler, like the dollar,''National Geographic''. June 2002. p. 1. ''Ask Us''. was named after the German Thaler. ...
. 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The last öre coin was withdrawn in 2010, but the centesimal subdivision is still used in non-cash contexts such as bank balances and cashless transactions, while bills to be paid in cash are
rounded to the nearest krona.
Coins
1 öre
1 öre coins, by king 1844–1973
2 öre
5 öre
File:5 öre 1879.jpg, 5 öre 1879
File:5 öre 1882.jpg, 5 öre 1882
File:5 öre, Sverige år 1920.jpg, 5 öre 1920
File:Svensk5oere.jpg, 5 öre 1964
10 öre
File:Se 10 öre 1973a.jpg, 10 öre 1973
25 öre
File:SWE022.JPG, 25 öre 1930
50 öre
From October 1992, the only coin in use in Sweden with a value below 1 kronor was the 50 öre coin. On 18 December 2008, the Swedish Riksbank announced a recommendation to the
Swedish government to
phase out the final öre coin by 2010. The coin ceased to be minted on 25 March 2009
and ceased to be legal tender after 30 September 2010.
File:50 Öre år 1898.jpg, 50 öre 1898
See also
Other coin with names deriving from the ''gold'' of which they were once made:
*
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 ...
*
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 Emp ...
*
Polish złoty#First złoty
References
Currencies of Sweden
Numismatics
{{Sweden-stub