Norges Bank

Press release

Norges Bank enters into a swap facility with Sedlabanki Islands

The central banks of Norway, Denmark and Sweden have entered into a euro/Icelandic krona swap facility agreement with the Central Bank of Iceland, Sedlabanki Islands.

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:


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Published 16 May 2008 10:45