Looking for a specific product?

Make a search for products & suppliers, articles & news.

Norges Bank’s Foreign Exchange Purchases in October

In October, Norges Bank will purchase foreign exchange equivalent to NOK 500 million per day for the Government Pension Fund Global.

The Fund’s foreign exchange requirements are partly met by the state’s direct financial interest in petroleum activities (SDFI) and partly by Norges Bank’s purchases in the market.

The Ministry of Finance determines the size of the monthly allocations to the Fund. Norges Bank’s purchases of foreign exchange are equal to the difference between the allocations and the SDFI’s estimated foreign exchange revenues. Adjustments are made for any revisions of estimates. As a result, the daily purchases may vary from one month to the next. The daily foreign exchange purchases are determined for a period of one month at a time and are published on the last business day of the preceding month.

Related news

Latest news

Bjørøya AS expands its fleet

The Namdal coastline offers optimal conditions for Atlantic Salmon,

DNV GL’s Energy Transition Outlook predicts continuing demand growth for Middle East and North Africa oil and gas

Among its forecasts for 10 global regions,

Dana Olson joins DNV GL as Global Solar Segment Leader

As identified in DNV GL’s 2018 Energy Transition Outlook,

Invitation to Elkem’s Capital Markets Day 2018

Global changes and current megatrends are driving the need for new solutions.

DNV GL successfully completed technical due diligence for 25 MW Windfloat Atlantic floating wind project

The project is the first project-financed floating wind farm.

DNV GL launches first Battery Performance Scorecard to provide independent data to battery system buyers

The release comes as increased electrification is beginning to disrupt everyday markets, 

New Floor Tilt Model - Series X MVD

Tilt Controls, LED Backlight Technology Optical Bonding Technology, MultiTouch Optional integrated HT C02 computer.

A sustainability dive into the future of the ocean and the industries that rely on it

DNV GL has been entrusted with producing the two first reports;

TechnipFMC Signs a Major Contract with MIDOR for Their Refinery Expansion and Modernization in Egypt

Starting in 2022, the modernized complex will exclusively produce Euro V products,