Press release
Norges Bank’s foreign exchange transactions in January 2022
Norges Bank will sell foreign exchange on behalf of the government equivalent to NOK 250 million per day in January 2022.
Norges Bank purchases foreign currency from the SDFI each month. If the government’s net cash flow from petroleum activities exceeds the non-oil budget deficit, some of the foreign exchange purchased from the SDFI is transferred to the GPFG. Norges Bank sells the remaining amount in the market.
If the government’s net cash flow from petroleum activities is insufficient to cover the non-oil budget deficit, foreign exchange will be transferred from the GPFG to cover some of the budget deficit. Norges Bank will then sell foreign exchange from the GPFG, as well as the foreign exchange from the SDFI, in the market. Norges Bank performs this task on behalf of the government.
Disclaimer
Norges Bank published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 15:06:01 UTC.
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