Sveriges Riksbank has submitted a proposal to the Swedish parliament to transfer Skr3.8 billion ($411 million) of its profits to the Treasury, the central bank said today (February 18).

The plan put forward by the Riksbank’s general council follows the guidelines introduced in 1988 to allocate profits. These established that 80% of the average profit over the previous five years is transferred to the Treasury. “The profit is calculated excluding exchange rate and gold value effects, but