Öre () is the centesimal subdivision of the

Swedish krona The krona (; plural: ''kronor''; sign: kr; code: SEK) is the currency of Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usually follows it but, espec ...

. In the Swedish language, the plural of ''öre'' is either ''öre'' (indefinite) or ''ören'' (definitive). The name ''öre'' derives from the Latin word ''aereus/aurum'', meaning

gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

. The corresponding subdivisions of the Norwegian and Danish krones are called øre. Öre coins have been withdrawn since 2010, but the unit remains.

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 This öre was withdrawn in 1776, but returned in 1855 as of the riksdaler.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 The last öre coin was withdrawn in 2010, but the centesimal subdivision is still used in non-cash contexts such as bank balances and cashless transactions, while bills to be paid in cash are rounded to the nearest krona.

Coins

1 Fyrk

1 Fyrk coin had a value of a part of 1 öre.

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 Amount placed in middle; Date split by amount; Crown at head. (Obverse) Larger crown, Name of monarch.

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

References

Currencies of Sweden Numismatics {{Sweden-stub