PRESS RELEASE

Statement by Dr. Willem F. Duisenberg President of the European Central Bank

14 September 2003

I have taken note of the decision by the Swedish electorate in today's referendum. I acknowledge that a majority of the Swedish people is of the opinion that the euro should not be adopted as the currency of Sweden. This outcome of the referendum will neither have an impact on the European Central Bank's policies and operation nor on the euro's position. Furthermore, it will not affect the ongoing co-operation between Sveriges Riksbank and the European Central Bank within the European System of Central Banks.

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