Editions:  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

Advertisement

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement