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Norges Bank

11/18/2021 | Press release | Distributed by Public on 11/18/2021 05:28

Norges Bank will reduce its foreign exchange sales on behalf of the government in November 2021

Press release

Norges Bank will reduce its foreign exchange sales on behalf of the government in November 2021

With effect from Friday, 19 November, Norges Bank will reduce its daily foreign exchange sales on behalf of the government from the equivalent of NOK 700 million to zero for the remainder of the month.

The change is due to a reduced need for transfers from the GPFG to the government because of a larger-than-expected net cash flow from the petroleum sector. Norges Bank carries out these foreign exchange transactions on behalf of the government.

For more information, see Norges Bank's foreign exchange transactions on behalf of the government

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