From 1977 to 1991 the krona was pegged to a trade weighted basket of foreign currencies in which the dollar was double weighted. Sweden dismantled a battery of foreign exchange controls in the latter half of the 1980's. No capital or exchange controls remain. Trade in industrial products between Sweden, other EU countries, and EFTA countries is not subject to customs duty, nor are a significant proportion of Sweden's imports from developing countries. Duties were raised slightly on average to meet the common EU tariff structure.
Most raw materials are imported duty free.
There is very little regulation of exports other than military exports and some dual use products that have potential military or non-proliferation application. Sweden began abolishing a complicated system of agricultural price regulation in 1991. Sweden's EU membership and consequent adherence to the EU's common agricultural policy has brought some re-regulation of agriculture. Sweden's Central Bank and National Debt Office have borrowed heavily in foreign currencies since the fall of 1992, increasing the central government's foreign debt five-fold to about a third of the public debt. Management of the increased debt level so far poses no problems to the country, but interest payments on the large national debt grew rapidly in the early 1990's.