krona krona  /ˈkroʊ nə/

Definition(s):

  1. (n) the basic unit of money in Sweden
  2. (n) the basic unit of money in Iceland

Synonym(s)

Usage(s):

  1. The plummeting of the krona against the British pound has ballooned the size of the student debt he'll have to repay Iceland's government for his tuition in Britain.
  2. Iceland's currency, the krona, sustained a 44% drop against the dollar over the past 12 months.
  3. The value of Iceland's krona has melted a bit.

News

  1. Iceland’s Currency Interventions Help Keep Rates on Hold

    Iceland’s central bank left its benchmark interest rate unchanged for a fifth consecutive meeting after currency market interventions took pressure off the krona and helped cool inflation.
    on June 12, 2013     Source: Bloomberg

  2. EUR/SEK retreating from highs, around 8.7000

    FXstreet.com (Barcelona) - The Swedish krona is now picking up pace against the shared currency on... For more information, read our latest forex news.
    on June 10, 2013     Source: The Forex Market

  3. Krona Falls as Production Unexpectedly Drops: Stockholm Mover

    Sweden’s krona weakened to its lowest level against the euro in almost five months in Stockholm trading after industrial production unexpectedly declined in April, putting pressure on the Riksbank to cut rates in July.
    on June 10, 2013     Source: Bloomberg

Quotes

  1. "This program will enable us to secure funding and gain access to the necessary technical expertise required to stabilize the Icelandic krona and to provide support for the development of a healthier financial system," Prime Minister Geir H....
    on Oct 24, 2008 By: Geir H Haarde Source: Forbes

  2. "For every krona we put into the bank, we wanted the same influence," Lundgren said. "That ensured that we did not have to go into certain banks at all."
    on Sep 22, 2008 By: Bo Lundgren Source: International Herald Tribune

  3. "Iceland has put together an ambitious economic programme, which aims to restore confidence to the banking system, to stabilise the krona through strong macroeconomic policies, and to help the country achieve medium-term fiscal consolidation...
    on Oct 24, 2008 By: Dominique Strauss-Kahn Source: Aljazeera.net

Word of the Day
affectation affectation
/ˌæ fɛk ˈteɪ ʃən /