Norges Bank to sell NOK 726 million daily in February

Norges Bank will sell foreign exchange equivalent to NOK 600 million per day in February 2026. These daily transactions are carried out on behalf of the Norwegian government.

The government's revenues from petroleum activities are received in both Norwegian kroner and foreign currency.

A portion of these revenues is utilized to finance the planned central government budget deficit, specifically the non-oil deficit.

The remaining foreign currency revenues are saved within the Government Pension Fund Global (GPFG).

Norges Bank is responsible for executing the necessary foreign exchange transactions that facilitate both the spending of petroleum revenues over the central government budget and their subsequent saving in the GPFG.

This mechanism ensures the proper management of the nation's petroleum wealth in accordance with fiscal policy objectives.

An additional NOK 126 million in foreign exchange will be sold daily in February 2026 to fund the transfer of dividends to the government.

This stems from Norges Bank's Executive Board decision in December 2024 to purchase NOK to fund the transfer of dividends to the government for the 2024 financial year.

The total dividends are set at NOK 30.1 billion.

These NOK purchases are distributed evenly over the trading days when foreign exchange transactions can be made on behalf of the government in the period between March 2025 and February 2026. The daily amount for this purpose will not change during this period.