March 6, 2019 / 2:58 PM / 2 months ago

Swedish c.bank says reducing foreign exchange reserve

STOCKHOLM, March 6 (Reuters) - Sweden’s central bank said on Wednesday it would allow the value of its gold and foreign exchange reserve to decrease by $8 billion to $48 billion.

The central bank said in a statement it assessed that the contingency needs for the provision of liquidity in foreign currency to the financial system had decreased somewhat, partly due to Nordea’s relocation to Finland.

Reporting by Anna Ringstrom; editing by Niklas Pollard

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