The accounts must be assessed against the background of Norges Bank's responsibilities. One of the Bank's main responsibilities is the issue of banknotes and coins. This means that the Bank will always have non-interest-bearing debt. The offsetting entry is the Bank'
PRESS RELEASE - Norges Bank's annual accounts for 2002, released 20 February, show a deficit of NOK 24.1 billion, compared with a deficit of NOK 4.7 billion in 2001. No transfer will be made to the Treasury from the Transfer Fund.