Swedish Krona in Chinese Yuan Renminbi

SEK Swedish Krona

Country of application:
Sweden

Coin denominations in circulation:
10, 5, 1 krone.

Denominations of banknotes in circulation:
1,000, 500, 100, 50 and 20 kroons.

History reference:
The krone is the currency of Sweden. The Swedish krona was introduced into circulation in 1873, as a result of the formation of the Scandinavian Monetary Union, which lasted until the First World War.... The new monetary unit replaced the riksdaler that had been in circulation before. The Scandinavian countries became members of the union, with the name of the currency krona in Sweden and krone in Denmark and Norway, which means “crown” in Scandinavian languages. After the collapse of this association, all three countries decided to keep the name, but for their own currencies. By tradition, on the front side of a coin in denominations of one crown, a portrait of the monarch of Sweden is depicted, and on the reverse side one of the coats of arms of Sweden, or a crown. The coin also bears the kings motto.

CNY Chinese Yuan Renminbi

Country of application:
PRC

Coin denominations in circulation:
1 yuan, 5, 2 and 1 jiao.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 (rare) and 1 yuan, as well as 5, 2 and 1 jiao.

History reference:
The Chinese Yuan is the official currency of the Peoples Republic of China. Until the beginning of the 20th century, in China, for large-scale settlements, they used silver ingots - lyans. Small purc...hases were made using bronze round coins with a square hole in the center - qian, which Europeans call "keshi". Silver yuan began to be made in 1835. The use of silver coins and silver liang was banned in China in 1935. Instead, a boom in paper money began to grow - fabi. A certain easing in monetary policy occurred only in 2005, when the Chinese authorities carried out a revaluation of the yuan, raising its value by 2%. By 2008, the yuan appreciated by more than 20% to 6.82 yuan per US dollar. Nevertheless, even today, the PRC continues to enjoy certain foreign trade advantages, which are based on the undervalued exchange rate of the national currency.