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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 Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all forms of monetary transactions within the country. It is subdivided into 100 halalas, and the currency is symbolized by 'ر.س' in Arabic and 'SR' in Latin script. The Saudi Riyal is pegged to the US dollar, which provides stability in international trade and investment.