On this day September 14, 2003

In a referendum Sweden rejects adopting the euro as member of the European Union since January 1, 1995.

According to the 1995 accession treaty, Sweden is required to join the eurozone and therefore must convert to the euro at some point. Notwithstanding this, on 14 September 2003, a consultative Swedish referendum was held on the euro.

Some of Sweden’s major parties continue to believe that it would be in the national interest to join, but they have all pledged to abide by the results for the time being, and have shown no interest in raising the issue again. There is an agreement among the parties not to discuss the issue before the 2010 general election.

On the referendum for adopting the euro the 82.6% of the population 55.9% have chose to reject and 42.0% to approve.

The krona (currency code SEK) has been the currency of Sweden since 1873. It is locally abbreviated kr. The currency is sometimes informally referred to as the “Swedish crown” in English.

The Swedish krona also unofficially circulates in some parts of the Åland Islands (Finland) alongside the official currency, the euro.

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