Sweden’s National Debt Office (Riksgälden) announced plans to purchase up to 15 billion kronor ($1.9 billion) and increase its share of foreign currency debt in an effort to reduce the costs of servicing Sweden’s government debt.
Support for the euro in Sweden is increasing, although a majority of Swedes would still vote to retain the krona if a referendum on the matter were held today, according to a new poll.
The value of the Swedish krona dropped further in overnight trading ahead of Wednesday’s opening of markets in Europe, trading at 10.15 kronor per euro and 7.95 kronor per US dollar.
The Swedish krona continues to weaken relative to other major currencies, now trading at more than 10 kronor per euro for the first time since the common European currency was launched in 1999.
A massive blue bunny, along with a shotgun-toting accomplice, were arrested on Wednesday afternoon following their unsuccessful attempt at robbing a currency exchange office in Farsta, south of Stockholm.
A statement from the Swedish central bank flagging further interest rate rises has caused the kronor to rise substantially in value, meaning Swedes travelling abroad over the Midsummer weekend are likely to feel a bit better off.
