February 23, 2024

The Riksbank has submitted a proposal to the Swedish parliament to transfer 3.8 billion kronor ($411 million) of its profits to the finance ministry, the central bank said today (Feb. 18).

The plan proposed by the Riksbank General Council follows the profit-sharing guidelines introduced in 1988. These established that 80% of the average profit over the previous five years was transferred to the Treasury. “The calculation of profit excludes the effect of exchange rate and gold value, but