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ECB, Danish Central Bank to provide 12B euro swap

ECB, Danish Central Bank to provide 12B euro swap

The European Central Bank said Monday it would introduce a new swap line with the Danmarks Nationalbank to increase the amount of cash euro-based short-term markets.
The ECB, in a short statement, said it had established a reciprocal currency arrangement amounting to 12 billion euros ($14.7 billion) with the Danish bank, which will remain in place as long as needed.
The ECB statement did not provide further details.
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On the Net:
http://www.ecb.int
http://www.www.nationalbanken.dk


Updated : 2021-04-13 04:35 GMT+08:00