Norges Bank sharply increases foreign exchange sales

norges-bank2

Norway’s central bank announced it was sharply increasing its daily foreign exchange sales today (March 18), to finance the increase in government spending in response to the coronavirus pandemic.

Norges Bank announced an immediate increase in its daily forex operations on behalf of the government, from Nkr500 million ($47.2 million) per day to Nkr1,600 million.

The sudden change in central bank policy aims to support the government in its efforts to shield the economy from the worst effects

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: