Öre

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Template:Short description Template:More footnotes Öre (Template:IPA) is the centesimal subdivision of the Swedish krona. In the Swedish language, the plural of öre is either öre (indefinite) or ören (definitive).

The name öre derives from the Latin word aereus/aurum, meaning gold.<ref>"Ordet öre kommer av latinets Aereus/aurum". Sveriges Riksbank. Retrieved 22 January 2012.</ref> The corresponding subdivisions of the Norwegian and Danish krones are called øre.

Öre coins have been withdrawn since 2010, but the unit remains.

History

During the Middle Ages, the öre was a unit of Swedish currency equal to 1/8 of a mark, 3 örtugar or either 24, 36 or 48 penningar (depending on the geographical area in which it was used). It was already a unit of account in the 11th century, but was not minted as a coin until 1522. This öre was withdrawn in 1776, but returned in 1855 as [[Decimalisation|Template:Frac]] of the riksdaler. The riksdaler was replaced by the krona in 1873 (one riksdaler equalling one krona), but öre remained the name of the minor unit.

The last öre coin was withdrawn in 2010, but the centesimal subdivision is still used in non-cash contexts such as bank balances and cashless transactions, while bills to be paid in cash are rounded to the nearest krona.

Coins

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1 Fyrk

1 Fyrk coin had a value of a part of 1 öre.

1 öre

1 öre coins, by king 1844–1973

Monarch Reverse Obverse Notes
Oscar I (1844–1859) File:Ore1858o.JPG File:ORE1858.JPG Template:Plainlist
Charles XV (1859–1872) Template:Plainlist
Oscar II (1872–1907) File:Ore1884.JPG File:Ore1884r.JPG Template:Plainlist
Gustaf V (1907–1950) File:Ore1916o.JPG File:Oregustav.JPG Template:Plainlist
File:Ore1917o.JPG File:Ore1917.JPG Template:Plainlist
Gustaf VI Adolf (1950–1973) Template:Plainlist

2 öre

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5 öre

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Amount placed in middle; Date split by amount; Crown at head. (Obverse) Larger crown, Name of monarch.

10 öre

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25 öre

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50 öre

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From October 1992, the only coin in use in Sweden with a value below 1 kronor was the 50 öre coin.<ref>Template:Cite web</ref> On 18 December 2008, the Swedish Riksbank announced a recommendation to the Swedish government to phase out the final öre coin by 2010.<ref>Template:Cite web</ref> The coin ceased to be minted on 25 March 2009<ref>Template:Cite web</ref> and ceased to be legal tender after 30 September 2010.

See also

Template:Portal Other coin with names deriving from the gold of which they were once made:

References

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Template:Money-unit-stub Template:Sweden-stub