krona : Definition, Usages, News and More

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kroh nuh

  • n  the basic unit of money in Sweden
  • n  the basic unit of money in Iceland

  • 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.
  • Iceland's currency, the krona, sustained a 44% drop against the dollar over the past 12 months.
  • But now, with the krona down 44% against the dollar compared to a year ago and most of Iceland's banks close to bankruptcy, this nation of 313,000 is taking another look at the .
News & Articles

  • 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.
    June 12, 2013 - Bloomberg
  • 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.
    June 10, 2013 - Bloomberg
  • EUR/SEK retreating from highs, around 8.7000 (Barcelona) - The Swedish krona is now picking up pace against the shared currency on... For more information, read our latest forex news.
    June 10, 2013 - The Forex Market

  • Geir H Haarde in Forbes
    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....
  • Bo Lundgren in International Herald Tribune
    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."
  • John Cleese in Sky News
    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... Dominique Strauss-Kahn Oct 24, 2008 56364 74499 krone That's when my fabulous assistant determined the easiest thing would be to take a taxi. The bill? A whopping 30,000 krone (£3,300)," added Cleese, who had been taking part in the popular Scandinavian talk show Skavlan.

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