The Riksbank’s currency exchanges on behalf of the National Debt Office
The National Debt Office is to repay government debt denominated in foreign currency to a value of SEK 35 billion during 2001. There is an interval of SEK ± 15 billion for deviations from this figure. The National Debt Office has now decided to utilise part of the deviation interval and will repay a net amount of approximately SEK 25 billion on the government debt denominated in foreign currency. See www.rgk.se for details.
This means that the Riksbank, in its role as agent for the National Debt Office in currency exchanges, will purchase foreign currency for approximately SEK 43 billion in the market next year. This corresponds to net repayments of SEK 25 billion and interest payments of approximately SEK 18 billion on the government debt.
As previously, the Riksbank will be exchanging currency on behalf of the National Debt Office each trading day between 8.30 and 8.45 am. The transactions will be spread evenly over time and handled completely transparently.
The currency exchanges will be arranged with the institutions that have a primary dealer agreement with the Riksbank for the Swedish currency market.
Further information can be obtained from the Market Operations Department: Camilla Risberg, Market Operations, tel. +46-8-696 68 16, or Tomas Thyblad, Head of the Division for Market Operations and Reserve Management, tel. +46-8-696 68 18.
