The Riksbank begins transition to a fully self-financed foreign exchange reserve
The Riksbank is replacing external financing of the foreign exchange reserve by purchasing foreign currency on the foreign exchange market between February 2021 and December 2023. The purchases will take place at an even pace, be paid in Swedish kronor and amount to about SEK 5 billion per month, on average. At the same time, the Riksbank intends to repay the currency loans taken by the Swedish National Debt Office as they mature. This will provide the Riksbank with more appropriate long-term funding for the foreign exchange reserve. This change has no monetary policy purpose.The foreign
Gasum’s biogas plant on the site of Munkkaa waste center in Lohja will turn biowaste from the Helsinki region into renewable biogas for transport and industry as well as organic fertilizers for agriculture. The plant will process around 60,000 tonnes of biodegradable feedstocks into 40 GWh of biogas and 50,000 tonnes of organic fertilizers a year. The biogas will be injected from the plant straight into the gas network. The plant entered commercial service to plan in January 2021.Gasum strives actively to increase biogas production capacity by building new biogas plants and also by
