The SEK, or Swedish Krona, is the official currency of Sweden. It is abbreviated as SEK and is often represented by the symbol "kr." The currency is subdivided into 100 öre, although öre coins are no longer in circulation. The SEK is managed by the Sveriges Riksbank, which is Sweden's central bank. The Swedish Krona is widely used in Sweden for everyday transactions, including shopping, dining, and services. It is also traded on international currency markets, making it an important currency in the global economy. The value of the SEK can fluctuate based on various economic factors, including inflation and interest rates.