About Norges Bank

About Norges Bank

Norges Bank shall work within the guidelines laid down by the political authorities and shall help to promote confidence in the Norwegian economy and its financial system.

We will achieve this by:

  • Contributing to balanced economic developments and to attaining the inflation target
  • Contributing to stable and efficient financial markets and payment systems
  • Satisfying society's need for banknotes and coins
  • Ensuring efficient and secure management of the central government's financial assets

Facts about Norges Bank

  • Norges Bank is a separate legal entity owned by the state.
  • The Bank's activities are regulated by Act no. 28 of 24 May 1985 relating to Norges Bank and the Monetary System (the Norges Bank Act).
  • Norges Bank had 542 employees at 31.12.2006.
  • The Executive Board is the Bank's executive and advisory body and comprises seven members, all appointed by the King. When administrative matters are discussed, there are two staff representatives, elected by the employees, on the Board.
  • The Central Bank Governor is Chairman and the Deputy Central Bank Governor is Deputy Chairman of the Executive Board. The Governor is responsible for the day-to-day management of the Bank, and represents the Bank externally.
  • The Supervisory Council ensures that the rules governing the Bank's activities are observed, and adopts the Bank's budget. The Council comprises fifteen members, all elected by the Storting (Norwegian Parliament).
Norges Bank
Bankplassen 2
P.O Box 1179 Sentrum
N-0107 Oslo, Norway
Tel +47 22 31 60 00
Disclaimer Last updated 07.09.2006