Foreign exchange transactions on behalf of the government

Norges Bank will sell foreign exchange on behalf of the government equivalent to NOK 600 million per day in March 2026.

The Norwegian government receives revenues in both NOK and foreign currency from petroleum activities. Some of these revenues are used to finance a planned central government budget deficit, the non-oil deficit. The remainder is saved in foreign currency in the Government Pension Fund Global (GPFG). On behalf of the Ministry of Finance, Norges Bank carries out the necessary foreign exchange transactions related to petroleum revenue spending over the central government budget and saving in the GPFG.

Read more about the petroleum fund mechanism and foreign exchange transactions on behalf of the government.

Funding of the transfer of dividends and interest payments to the government

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.

Norges Bank’s Executive Board decided in December 2025 to purchase NOK to fund the transfer of dividends and interest payments to the government for the 2025 financial year. The total amount for dividends and interest payments is set at NOK 29,4 billion. The NOK purchases will be evenly distributed over the trading days when foreign exchange transactions can be made on behalf of the government in the period between March 2026 and February 2027. The amount will not change. See the press release for more information on the funding of the transfer of dividends and interest payments to the government.