Riksbank exchanges EU payment

Sweden's EU membership entails monthly contributions to the EU's budget. These payments are made in Swedish kronor by the Swedish government and exchanged into euro in the foreign exchange market by a recipient central bank within the EU.

The Riksbank has decided to exchange an EU payment in June 2023. The total amount is SEK 3 500 million.
The Riksbank has on previous occasions exchanged EU payments to avoid unnecessarily large fluctuations in the ex-change rate in connection with these transactions.

These exchanges do not have any monetary policy purpose. The effect on liquidity in the banking system is neutralised by means of FX-swaps. The Riksbank intends to repurchase the corresponding euro amount in the foreign exchange market within one month.

Contact: Front Office, The Markets Department, tel. +46-(0)8-696 69 70
Updated 07/06/2023