Riksbank to sell reserves to hedge currency risk

Central bank aims to sell around $10.1 billion and will provide update from October 13

Sveriges Riksbank HQ
Sveriges Riksbank
Daniel Hinge

Sweden’s central bank will sell reserves worth around $10.1 billion in order to hedge currency risks in its portfolio, it said today (October 10).

Sveriges Riksbank announced it will sell $8 billion and, from its euro-denominated reserves, another €2 billion ($2.1 billion). These operations amount to around a quarter of Sweden’s international reserves.

The Riksbank will report on them with a two-week delay starting on October 13. The information will be available on the central bank’s website

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