Denmark to join eurozone’s T2 and Tips systems

National Bank of Denmark expects to fully transition by April 2025

National Bank of Denmark
Rachael King

The National Bank of Denmark signed an agreement to join the Eurosystem’s liquidity management and payments system, T2, and its instant payments system, Target Instant Payment Settlement (Tips), it announced on March 21.

Providing secure payments to Danes has been one of the central bank’s most important objectives, governor Christian Kettel Thomsen said.  

The Danish krone will be the third available currency in T2 and Tips after the Swedish krona joined earlier this year. The National Bank of

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