1873 - Sweden gets the krona
![Picture of banknote where you see that it says 1- Krona](/imagevault/publishedmedia/myl1sbko7ifga6aur41a/Sedel_d-r_man_ser_att_det_st-r_krona.jpg)
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.