Monetary policy of Sweden

History

• Introduction of the Krona, based on the gold standard on 5 May 1873.
• The tie to gold is abolished on 2 August 1914.
• The tie to gold is de facto re-established in November 1922.
• The tie to gold is de jure re-established on 1 April 1924
• The tie to gold is abolished once more on 27 September 1931. Floating exchange rate.
• A tie to the British pound is introduced in June 1933.
• Tied to the US dollar on 28 August 1939.
• A controlled appreciation of 14.3%, against all other currencies and gold on 13 July 1946.
• A controlled depreciation of 30.5% against the USD on 19 September 1949.
• Membership of the International Monetary Fund and part of the Bretton Woods system on 31 August 1951.
• A controlled depreciation of 1.0% against gold and a 7.5% appreciation against the USD on 21 December 1971.
• A controlled depreciation of 5.0% against gold and a 5.6% appreciation against the USD on 16 February 1973.
• Membership in the European "currency snake" in March 1973.
• Adjustment of the exchange rates within the "snake"; a controlled 3% depreciation against the DEM on 18 October 1976.
• Adjustment of the exchange rates within the "snake"; a controlled 6% depreciation against the DEM on 4 April 1977.
• Sweden leaves the "snake". A controlled 10% depreciation against a trade based "currency basket" on 29 August 1977.
• A controlled depreciation of 10% against the "currency basket" on 14 September 1981.
• A controlled depreciation of 16% against the "currency basket" on 8 October 1982.
• A tie to the European Currency Unit is introduced unilaterally on 17 May 1991.
• Floating exchange rate on 19 November 1992.
• A Swedish euro referendum is held on 2003, with 55.9 percent vote against membership of the eurozone.

  1992