Valuta and Liquidity: Denmark’s Foreign Exchange Reserves Increase in June 2023

Denmark’s foreign exchange reserves experienced a rise in June 2023, increasing by DKK 1.4 billion to reach DKK 604.8 billion. The National Bank of Denmark conducted net currency purchases, while the state engaged in net borrowing in foreign currencies. The country’s retail investment market showed potential for improvement, with a focus on enhancing financial literacy and promoting a dynamic investment culture. Efforts were made to address issues related to the cost, accessibility, and trust in retail investment products. The use of technology played a significant role in expanding retail investment opportunities, particularly among young people. The aim was to encourage more individuals to invest in European capital markets and ensure their interests are protected. Additionally, the state’s net financing needs and liquidity position were analyzed, with a particular focus on the role of banks and their interactions with the National Bank of Denmark.

https://www.nationalbanken.dk/da/viden-og-nyheder/presse/arkiv/2023/valuta-og-likviditet-samt-maanedsbalance-juni-2023-04-07-2023