Riksbank reinforces foreign currency reserves

Sveriges Riksbank
David Lundberg

The Sveriges Riksbank will bolster its foreign exchange reserves by the equivalent of Skr100 billion  ($15 billion) in response to uncertainty abroad and increased commitments to the International Monetary Fund (IMF).

Governor of the Riksbank, Stefan Ingves, will issue a request to the Swedish National Debt Office for the Riksbank to borrow the foreign currency, which the central bank said will be a temporary loan and will be phased out "when appropriate". The purpose of the loan is to ensure

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