1873 - Sweden gets the krona

When the gold standard is introduced, the new unit of coinage is named the krona.

The gold standard meant that a certain amount of gold had a set price in the country’s currency. The krona thereby got a fixed exchange rate against the other currencies participating in the system.The name of the new coinage unit, the krona, came from France via Denmark. 1 krona was the equivalent of 0.403225 grams of gold. Under the framework of the gold standard, Denmark and Norway also adopted kroner and øre as national currencies.