"The process of entering into forwards which ensure a fixed price of dollars when the Government needs them has been smooth. The krone exchange rate has been on the strong side of the central parity throughout the period, and the krone has only seen marginal fluctuations", says Assistant Governor Frank Nielsen, Danmarks Nationalbank.
The Finance Committee of the Danish Parliament agreed in 2017 to purchase 27 new fighter aircrafts from an American manufacturer. The delivery to the Danish Defense is expected in the years 2021 to 2026. Most of the cost of the fighter aircrafts, including simulators, payments for spare parts, support equipment, etc., will have to be paid in dollars. To ensure the Danish Defense a high level of budget security, it was decided to hedge the expected payments in dollars so that the price in kroner is already fixed.
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