Norges Bank announces NOK 724 million daily FX sales for March
Norges Bank will sell a net amount of NOK 724 million in foreign exchange daily during March 2026. These transactions are conducted on behalf of the government and to fund dividend and interest payments.
Supporting government's petroleum revenue spending
Norges Bank will sell foreign exchange equivalent to NOK 600 million per day in March 2026 on behalf of the government.
This facilitates the management of petroleum revenues, which are received in both NOK and foreign currency.
A portion of these revenues is used to finance the central government's non-oil deficit, while the remainder is saved in foreign currency within the Government Pension Fund Global (GPFG).
Norges Bank executes the necessary foreign exchange transactions to support both the spending of petroleum revenues over the central government budget and their saving in the GPFG.
Funding Norges Bank's payments to the state
Additionally, Norges Bank will sell foreign exchange equivalent to NOK 124 million per day in March 2026 to fund the transfer of dividends and interest payments to the government.
This follows a December 2025 decision by Norges Bank's Executive Board to purchase NOK for the 2025 financial year, totaling NOK 29.4 billion for these payments.
The NOK purchases will be evenly distributed across trading days when foreign exchange transactions can be made on behalf of the government, spanning the period from March 2026 to February 2027.
This daily amount is fixed and will not change.
Source: Foreign exchange transactions in March 2026
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