The krona is the official currency of Sweden. It is abbreviated as SEK and is subdivided into 100 öre. The currency symbol for the krona is "kr." The krona has been in use since 1873, when it replaced the previous currency, the riksdaler. The krona is issued by the Sveriges Riksbank, which is the central bank of Sweden. Banknotes and coins come in various denominations, with banknotes available in 20, 50, 100, 200, 500, and 1,000 krona. The design of the currency often features notable Swedish figures and cultural symbols.