Riksbank reshuffles strategic asset allocation
Dollar-denominated holdings increase while euro takes backseat in new “holistic approach"
Sweden’s central bank announced on April 1 that it had completed its annual reassessment of reserves.
While continuing to adopt a conservative approach, the Sveriges Riksbank increased its dollar-denominated holdings from 62% to 70%, and reduced its euro-denominated holdings from 22% to 17.5% and its Norwegian krone-denominated assets from 3% to 2.5%. It left the proportion of assets held in sterling and Australian dollars unchanged – both continue to take up 5% of reserves.
The Riksbank also left
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