Norges Bank and Sedlabanki Islands have agreed on a swap agreement corresponding to EUR 500 million. The agreement gives Sedlabanki Islands the right to acquire euro against Icelandic krona. The swap agreement is a facility that may be drawn upon when and if the need arises.
“The swap agreement is aimed to support Icelandic authorities in their efforts to stabilise economic conditions in Iceland”, says Governor Svein Gjedrem.
Statements made by other central banks:
Contact person: Communication Director Siv Meisingseth, tel. +4722316359 / +4791638912