Riksbank borrows €3bn from ECB

Sweden’s central bank (Riksbank) geared up for a possible Latvian devaluation, June 2009, by borrowing €3bn from the European Central Bank under an existing €10bn swap agreement.

ESO: Background information: Latvian currency rallies on budget cuts http://www.europeansources.info/record/latvian-currency-rallies-on-budget-cuts/

Riksbank: Press Release, 10.6.09: Riksbank borrows euro from the ECB http://www.riksbank.com/templates/Page.aspx?id=31855

Website: Sweden: Riksbank http://www.riksbank.com/

BBC News, 12.6.09: Latvia is 'saved from bankruptcy' http://news.bbc.co.uk/1/hi/business/8096817.stm

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