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The Swedish Krona (SEK) is the official currency of Sweden, symbolized by 'kr'. It is subdivided into 100 öre, though öre coins are no longer in circulation. The Krona is issued and regulated by the Sveriges Riksbank, Sweden's central bank, and serves as a vital component of the country's economy, facilitating trade and everyday transactions.
The Namibian Dollar (NAD) is the official currency of Namibia, adopted in 1993 to replace the South African Rand at par. It is subdivided into 100 cents and is used primarily for domestic transactions, although the South African Rand is also accepted due to historical ties. The Namibian Dollar plays a crucial role in the economy by facilitating trade, investment, and everyday consumer transactions.