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- PRESS RELEASE
- 20 March 2020
ECB and Danmarks Nationalbank reactivate swap line to provide euro liquidity
- Swap line reactivated as of 20 March 2020, to remain in place for as long as needed
- Size of swap line was increased from €12 billion to €24 billion
The European Central Bank (ECB) and Danmarks Nationalbank have today reactivated a currency arrangement (swap line) and increased the maximum amount to be borrowed by Danmarks Nationalbank from €12 billion to €24 billion. It will remain in place for as long as needed. The purpose of the reactivation is for Danmarks Nationalbank to provide euro liquidity to Danish financial institutions.
For media queries, please contact Eva Taylor, tel.: +49 69 1344 7162.
Notes
- Further information on the terms can be found at www.nationalbanken.dk
- Explainer: What are currency swap lines?
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