Sweden's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Central bank to transfer billions to treasury

Share this article

18:19 CET+01:00
Sweden's central bank said on Monday its general council had proposed to transfer 5.9 billion kronor ($723 million) to the Treasury.

Guidelines are for the Riksbank to transfer 80 percent of the average net income over the preceding five years to the Treasury.

"This year's transfer is the largest since 2004," the bank said in a statement.

"This is mainly explained by the substantial fall in bond rates in 2008 which led to considerable profits in connection with the valuation of the Riksbank's currency reserve."

 
Get notified about breaking news on The Local

Share this article

From our sponsors

New Malmö museum will focus on ‘democracy and migration'

Change starts with one small step, whether it be a large or small scale project, it all requires movement. It's a logic that can be applied to starting a new national museum from scratch, especially one with an innovative theme that is going to take several years to come to fruition.