Nordic central banks extend currency swap agreements
The central banks of Iceland, Sweden, Norway, and Denmark have decided to extend the currently valid foreign currency swap agreements until year-end 2009.
The agreements were originally concluded on May 16, 2008. Each provides the Central Bank of Iceland with access to a maximum of 500 million euros, or a combined total of 1,500 million euros, in exchange for Icelandic krónur.
Press releases from the participating banks can be found on their websites:
November 20, 2008