Sweden's national bank - the Riksbank

National Bank raises liquidity loans to 50 billion dollars

The Swedish national bank, the Riksbank, has decided to lend more money to banks. Officials announced in Stockholm that during this week an additional 28,000 million dollars would be granted as loans to ensure continued  bank liquidity. This raises the total amount fed into the country’s bank system to roughly 50,000 million dollars.

In spite of the announcement, the Stockholm Stock Exchange opened with a plunge of more than four percent in the wake of continuing worldwide turbulences.

In a related development the government announced that it will extend the deposit-guarantee for private savings to 70,000 dollars.

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