20 November 2008

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:

Danmarks Nationalbank  (http://www.nationalbanken.dk)
Norges Bank  (http://www.norges-bank.no)
Sveriges Riksbank (http://www.riksbank.se)

No. 43/2008
November 20, 2008