Norges Bank announced that it will sell foreign currency equivalent to a net NOK 524 million per day in July 2026. The sales cover two purposes: NOK 400 million a day in transactions conducted on behalf of the state and NOK 124 million a day to finance Norges Bank’s transfer of dividends and interest to the state. The state-related transactions reflect Norway’s management of petroleum revenues, with part used to cover the non-oil budget deficit and the remainder saved in the Government Pension Fund Global. Norges Bank carries out the necessary foreign exchange transactions for these flows on behalf of the Ministry of Finance. Separately, the NOK 124 million daily amount relates to the Executive Board’s December 2025 decision to purchase NOK to finance the transfer of dividends and interest to the state for the 2025 financial year. The total transfer amount is NOK 29.4 billion, and the NOK purchases are being spread evenly across the same trading days as the state’s foreign exchange transactions from March 2026 through February 2027. The foreign exchange requirement will not change.
Norges Bank2026-06-30
Norges Bank sets July 2026 net foreign exchange sales at NOK 524 million a day
Norges Bank will sell foreign currency equivalent to a net NOK 524 million a day in July 2026. That consists of NOK 400 million a day for transactions on behalf of the state and NOK 124 million a day to finance dividend and interest transfers to the state. The transfer-related flow forms part of a NOK 29.4 billion program for the 2025 financial year that runs from March 2026 to February 2027.