*** Developments in September and October 2008 showed that at times it is necessary to intervene to support the krone. In such situations, the foreign exchange reserve serves as a buffer that allows Danmarks Nationalbank to maintain a fixed exchange rate against the euro.
Last year, we had over 200 staff members from across the organization attend summary presentations in DC given by several staff members who had attended the conference in London. In fact, staff in Washington had a "watch party" to view the webcast of today's panels.