- Posts: 1167
- Joined: 31 Jan 2003 22:38
- Location: Stockholm,Sweden
Sweden where well integrated with Europe so once Germany occupied most of Europe,
Germany paid Sweden among other comodities with goods they paid for at a "favourable" exchange rate from occupied countries.
And mass produced arms at high prices where one example of German (or Czeckoslovakian) manufactured good Sweden accepted.
Swedish negotiators managed to get a war trade deal i December 1939 with a fixed exchange rate and "commodity scale" so price changes from Germany side of the most important goods would cause a similar change to the price of Swedish exports. This worked most of the time except for summer of 1940 where germany i the power of strength almost doubbed the coal price. that apart Germany did not manage to fiddle with the exchange rates as they did with occupied Europe.
But basically Sweden where paid by normal trade flow.