Swedish euro coins
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| Eurozone (and microstates which mint their own coins) |
| Austria | Belgium |
| Finland | France |
| Germany | Greece |
| Ireland | Italy |
| Luxembourg | Monaco |
| Netherlands | Portugal |
| San Marino | Spain |
| Vatican |
| New Member States |
| Cyprus | Czech Republic |
| Estonia | Hungary |
| Latvia | Lithuania |
| Malta | Poland |
| Slovakia | Slovenia |
| Acceding countries |
| Bulgaria | Romania |
| Other |
| Andorra | Sweden |
| Denominations |
| €0.01 | €0.02 | €0.05 |
| €0.10 | €0.20 | €0.50 |
| €1 | €2 |
| €2 commemorative coins |
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Note: Denmark and the UK currently opt to maintain their national currencies, the krone and the pound. Sweden has not made any effort towards its obligation to join after the failed referendum in 2003. |
As part of its accession to the European Union, Sweden is bound to adopt the euro as its currency. However, despite government support for Swedish entry, the country has yet to formulate a policy to join. In addition, a referendum held in 2003 saw 56.1% vote against membership. As a consequence, Sweden decided in 2003 not to adopt the euro.
It was reported in the media that when Sweden changed the design of the 1-krona coin in 2001, it was a preparation for the euro. That is, some coins would have the King's portrait like the new 1-krona coin. The 10-krona coin has a similar portrait. This in fact is from a progress report by the Riksbank on possible Swedish entry into the euro, which states that the lead in time for coin changeover could be reduced through using the portrait of King Carl XVI Gustaf introduced on the 1 and 10 krona coins in 2001 as the national side on Swedish 1 and 2 euro coins. [1]
Most major political parties in Sweden, including the governing Alliance for Sweden, which won the 2006 election and the former governing Social Democratic party, is in principle in favour of introducing the euro. The Alliance for Sweden has stated they will not rerun the referendum in their first term.
The result of this is that, unlike those new member nations currently outside the Eurozone, Sweden has no set timetable, and as a consequence will retain the krona for some undefined time. Until such time as it is confirmed that Sweden will join the Euro, no Swedish euro coinage will be designed.
On 24 October 2006, EU monetary affairs commissioner Joaquin Almunia stated that the European Union could theoretically take Sweden to court for not joining the euro despite meeting all the economic criteria, but that such an action would be neither necessary nor desirable currently.
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