Sweden is not participating fully in the monetary union and will not replace its domestic currency in January 2002. Nevertheless, in accordance with a decision by the Swedish Riksdag in autumn 1997(1997/98:25), the Riksbank and the Swedish financial sector are working on preparations to maintain readiness for a possible Swedish EMU membership at a later date.
These preparations are coordinatedby what is known as the SIFS group (Consultation and Information Exchange with the Financial Sector). The progress reports have been compiled within the framework of the cooperation in the SIFS group.