Self-financing of foreign exchange reserves to be completed earlier
As of 7 February, the Riksbank is increasing the rate of purchases of foreign currency aimed at replacing the external financing of the foreign exchange reserves. The purchases will be completed by 31 December 2022, instead of 31 December 2023. The decision to increase the pace of purchases ensures that the Riksbank’s foreign exchange reserves are of the size we need as the last currency loan matures in April 2023.The Riksbank will purchase the same total amount of foreign currency as previously announced but, from 7 February 2022, the purchases will be made at a higher pace corresponding