Öre
Encyclopedia
Öre is the discontinued centesimal subdivision of the Swedish krona
Swedish krona
The krona has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it, but especially in the past, it sometimes preceded the value...

. The plural and singular are the same in the indefinite forms, whereas the singular definite form is öret and the plural definite is örena. The name derives from the Latin aureus
Aureus
The aureus was a gold coin of ancient Rome valued at 25 silver denarii. The aureus was regularly issued from the 1st century BC to the beginning of the 4th century, when it was replaced by the solidus...

(gold), the name of a coin worth 25 denarii
Denarius
In the Roman currency system, the denarius was a small silver coin first minted in 211 BC. It was the most common coin produced for circulation but was slowly debased until its replacement by the antoninianus...

. The corresponding subdivisions of the Norwegian
Norwegian krone
The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...

 and Danish krone
Danish krone
The krone is the official currency of the Kingdom of Denmark consisting of Denmark, the Faroe Islands and Greenland. It is subdivided into 100 øre...

s are called øre
Øre
Øre is the centesimal subdivision of the Norwegian and Danish krones. The Faroese division is called the oyra, but is equal in value to the Danish coin. Before their discontinuation, the corresponding divisions of the Swedish krona and the Icelandic króna were the öre and the eyrir...

.

After 1991, the only coin
Coin
A coin is a piece of hard material that is standardized in weight, is produced in large quantities in order to facilitate trade, and primarily can be used as a legal tender token for commerce in the designated country, region, or territory....

 in use with a value below 1 kr was the 50 öre coin. On 18 December 2008, the Swedish Riksbank announced a recommendation to the Swedish government
Government of Sweden
The Government of the Kingdom of Sweden is the supreme executive authority of Sweden. It consists of the Prime Minister and cabinet ministers appointed by the Prime Minister. The Government is responsible for their actions to the Riksdag, which is the legislative assembly...

 to phase out the final öre coin by 2010. The coin ceased to be minted 25 March 2009 and ceased to be legal tender after 30 September 2010.

Öre is still legal tender on cards, however.

During the middle ages, the öre was a unit of Swedish currency equal to 1/8 of a mark
Mark (money)
Mark was a measure of weight mainly for gold and silver, commonly used throughout western Europe and often equivalent to 8 ounces. Considerable variations, however, occurred throughout the Middle Ages Mark (from a merging of three Teutonic/Germanic languages words, Latinized in 9th century...

, 3 örtug
Örtug
Örtug was a medieval currency unit in Sweden. The name is also used in the micronation of Ladonia .-References:***Nordisk Familjebok...

ar
or either 24, 36 or 48 penningar (depending on the geographical area in which it was used). It was used as a counting unit for currency already in the 11th century, but was not minted until 1522. This öre was withdrawn in 1776, but returned in 1855 as 1/100 of the riksdaler
Swedish riksdaler
The riksdaler was the name of a Swedish coin first minted in 1604. Between 1777 and 1873, it was the currency of Sweden. The daler, like the dollar, was named after the German Thaler. The similarly named Reichsthaler, rijksdaalder, and rigsdaler were used in Germany and Austria-Hungary, the...

. The riksdaler was replaced by the krona in 1873 (one riksdaler equalling one krona in the exchange), but öre remained the name of the subdivision of the currency.

See also

Other coin names that are derived from the gold of which they were once made:
  • Øre
    Øre
    Øre is the centesimal subdivision of the Norwegian and Danish krones. The Faroese division is called the oyra, but is equal in value to the Danish coin. Before their discontinuation, the corresponding divisions of the Swedish krona and the Icelandic króna were the öre and the eyrir...

  • Guilder
    Guilder
    Guilder is the English translation of the Dutch gulden — from Old Dutch for 'golden'. The guilder originated as a gold coin but has been a common name for a silver or base metal coin for some centuries...

  • Złoty
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