Sveriges Riksbank Press Release

PRESS RELEASE - Changes in the routine for EU payments, 3 February.

In accordance with the European Commission's new rules and regulations (no 1997/2002, of 8 Nov 2002), payments to member states shall be made in euro as from 1 January 2003. As a rule, the Commission's payments to Sweden were previously made in Swedish kronor. This change means that the Riksbank, as intermediary for payments for the European Commission, will henceforth be required to exchange incoming EU payments in euro for S