The National Bank of Denmark published monthly monetary and liquidity data showing the foreign-exchange reserve fell by DKK 1.9 billion in August 2025 to DKK 678.6 billion. The decline reflected the central bank’s net sale of foreign exchange of DKK 1.7 billion and the central government’s net repayment of foreign debt of DKK 0.2 billion, while the bank reported no foreign-exchange market intervention for settlement in August. From January to August 2025, the foreign-exchange reserve increased by DKK 24.2 billion, reflecting net foreign-exchange purchases of DKK 12.7 billion and central government net foreign borrowing of DKK 11.5 billion. The release also reported a central government net financing requirement of DKK -19.1 billion in August and that banks’ and mortgage-credit institutes’ net position vis-à-vis the National Bank of Denmark fell by DKK 18.5 billion to DKK 252.3 billion, mainly due to a DKK -17.1 billion liquidity impact from the central government; key policy rates were unchanged from 6 June 2025.
National Bank of Denmark 2025-09-02
National Bank of Denmark reports DKK 1.9 billion fall in foreign-exchange reserve to DKK 678.6 billion in August 2025
The National Bank of Denmark reported a DKK 1.9 billion decrease in the foreign-exchange reserve in August 2025, due to a DKK 1.7 billion net sale of foreign exchange and a DKK 0.2 billion net repayment of foreign debt. From January to August 2025, the reserve increased by DKK 24.2 billion, driven by net foreign-exchange purchases and central government borrowing. The central government had a net financing requirement of DKK -19.1 billion in August, with banks' net position falling by DKK 18.5 billion, while key policy rates remained unchanged since June 2025.