May 2, 2018 / 2:14 PM / a year ago

Denmark's FX reserves largely unchanged at 467.5 bln DKK at end-April

COPENHAGEN (Reuters) - Denmark’s foreign exchange reserves rose slightly to 467.5 billion Danish crowns (55.2 billion pounds) in April from 466.9 billion crowns at the end of March.

The central bank said it did not intervene in the foreign exchange market in April to keep the crown currency stable against the euro.

The central bank use the foreign exchange reserves as a tool to control the rate of the Danish crown, which is pegged to the euro, by buying or selling.

Reporting by Jacob Gronholt-Pedersen

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