12 ways to describe Swedish money

I’ll never forget how I learned the Swedish word for money. New in Sweden, I went to see a performance of Cabaret at the National Theatre. The musical was in Swedish but I figured it would be ok as I knew the story line. It was fairly entertaining but, to be honest, a bit boring. Until the song ‘Money makes the world go round’ came on. In this song, there’s a line that goes ‘money, money, money, money, money, money, money, money’. The singers pranced around the stage and sang ‘pengar, pengar, pengar, pengar, pengar, pengar, pengar, pengar’. It was repeated so often that I never forgot the word ‘pengar’ ever again.

However ‘pengar’ is just the formal word for money in Swedish. Like the US has its ‘buck’ and the UK has its ‘quid’, Swedish also has a lot of colloquial words for the Swedish krona (crown). Here are some examples:

Deg – dough – possibly related to putting food on the table in olden days

Lax – literally a salmon – meaning a thousand crowns. In the early 1900’s, the 1000 crown bill was pink.

Röding – literally a char – meaning 500 crowns

Selma – an old word for 20 crowns. The name is taken from the portrait of author Selma Lagerlöf on the 20 crown note.

Pix – meaning crowns

Kosing – cash

Stålar – cash – refers to steel/metal that coins are made of

Kova – cash. The expression ‘kova raha’ was on 1700’s money. This is Finnish for ‘hard money’.

Pluring – cash. Possibly related to the Latin ‘plures’ meaning many. The word ‘pluring’ was originally used to refer to large amounts of money.

Bagis – a crown. From an older word ‘bagare’ which means baker. Referring probably to the original silver coins that were as white as flour.

Spänn – a crown. Probably borrowed from German ‘späne’ which is slang for money, or English ‘spend’.

Flis – money. Flis also means small wood chips, so it may have originated in Swedish to mean small values of money.

I’m sure there are a lot more words! Please feel free to add them here!

The worst day in Sweden

Tomorrow, the 24th January, could arguably be the worst day of the year in Sweden. Dark, miserable, cold and poor.

The month of January is notoriously an impoverished month, following the financial excesses of December. Many people struggle through January with their evenings in front of the telly, their long walks at the weekends and their packed lunches at the office. And as the 24th arrives, this deprivation reaches its pinnacle.

You see, most Swedes are paid on the 25th of the month. New, fresh crowns rattle into bank accounts up and down the country. Pubs and restaurants fill up and Ikea is like rush hour in Piccadilly Circus as the consumerism treadmill grinds into action.

But not tomorrow. Tomorrow, the 24th January, sucks. And as we put our leftovers into the fridge to be eaten for lunch, we can be happy that this misery is soon over. On Thursday, we can drink a latte, buy an expensive lunchtime sour dough toast, and knock back a few gin and tonics after work. And maybe, just maybe, be a little less provoked by the sunny holiday pictures on social media.

So hold on, there is light at the end of this long, dark tunnel.

Your Swedish money’s  worth nothing 


Go through your pockets. Empty your piggy bank. Clean out your drawers. Start using up your money now, because from June 30th 2017, much of your Swedish currency will be invalid. 
Recently, Sweden introduced a new range of bank notes featuring Swedish celebrities: writer Astrid Lindgren, Hollywood actress Greta Garbo, troubadour Evert Taube, opera singer Birgit Nilsson, politician Dag Hammarsköld and film director Ingemar Bergman. In line with this, old bank notes and coins are being successively phased out. 

From June 30th this year, the older 100 and 500 krona notes and the 1, 2 & 5 krona coins will become invalid. The only old coin left in circulation will be the 10 krona coin. 

So start rummaging through your private areas, you might have a small fortune hidden there!