Norges Bank to pay dividends to government by selling FX
Central bank to transfer Nkr30 billion in dividends and interest payments
Norges Bank is paying out Nkr30 billion ($2.95 billion) to the Norwegian government by selling some of its foreign exchange reserves.
The bank announced its decision on December 12, indicating that it intended to pay out Nkr20 billion from its earnings and Nkr10 billion in interest.
It said this marked a change from the previous system, in which profits and interest were paid out by literally creating new money and crediting the government’s account. It added that until 2024, when the government
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