Regulatory Alerts2026-06-30
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Foreign exchange transactions in July 2026
Norges Bank announced it will sell foreign exchange equivalent to NOK 524 million daily in July 2026 to support government operations. This total comprises NOK 400 million per day for petroleum revenue spending and NOK 124 million per day to fund dividend and interest payments. The dividend funding stems from a December 2025 decision to evenly distribute NOK 29.4 billion in purchases over the March 2026 to February 2027 period.
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Foreign exchange transactions
Norges Bank carries out foreign exchange transactions on behalf of the government and to fund the transfer of dividends and interest payments to the government. In July 2026, the daily net sales of foreign exchange for these purposes will amount to NOK 524 million. The net amount arises from Norges Bank needing to sell foreign currency equivalent to 400 million NOK per day on behalf of the government while simultaneously needing to sell foreign currency equivalent to 124 million NOK per day to fund the transfer of dividends and interest payments to the government.
Foreign exchange transactions on behalf of the government
Norges Bank will sell foreign exchange on behalf of the government equivalent to NOK 400 million per day in July 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 July 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.
Contact:
Press telephone: +47 22 31 60 60
Email:
presse@norges-bank.no
Published
30 June 2026
10:00
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Source: Norges Bank — original document
Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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