ECB and Danmarks Nationalbank reactivate swap line to provide euro liquidity
20 March 2020
- 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.
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