Riksbank finances dividend for 2013 with currency reserve

Date 16/04/2014

The General Council of the Riksbank decided on 7 February 2014 to present a proposal for the allocation of the Riksbank's profits for the financial year 2013. According to this proposal, SEK 3,300 million shall be transferred to the Treasury. The transfer shall be made no later than one week after the Riksdag's decision to approve the General Council's proposal on 16 April.

 

The Executive Board of the Riksbank decided on 18 March that this year's transfer will be financed using funds from the foreign currency reserves. However, the Riksbank will not make any exchanges of foreign currency against Swedish krona as a result of the decision. In March 2014, the Riksbank exchanged an EU payment of SEK 4,126 million against euro, which were repurchased in the form of daily transactions during a period of two months. These repurchases will be reduced by the amount decided on of SEK 3,300 million.