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The history of the central bank of Norway can be traced back to 1816, when, two years after the separation from Denmark and the union with Sweden, Norges Bank was established by an Act of the Storting (the Norwegian parliament) on 14 June.
This group performed several spectacular acts of sabotage; among them smuggling out plates for the printing of Norwegian kroner from the Norwegian Central Bank to the exiled government in London and blowing up the office for Norwegian forced labour, thereby stopping the Nazis' plan of sending young Norwegian men to the Eastern Front. [3] [6]
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In 2004, Norway's gold holdings consisted of approximately 37 tonnes divided on 33.5 tonnes of bars and 3.5 tonnes of coins. [1] In 2004, Norges Bank—the central bank issuing the Norwegian crown—excluded gold from its forex reserves and sold all bars, except seven, on the international gold market in London.
Central bank name Currency Currency share percentage of global allocated reserves in Q4 2022 (%) Central bank governor Native name of central bank Establishment United States: Federal Reserve: United States dollar: 58.36 Jerome Powell: 1913 European Union: European Central Bank: Euro: 20.47 Christine Lagarde: 1998 Japan: Bank of Japan: Japanese ...
Norges Bank Investment Management (NBIM), which operates the world’s largest sovereign wealth fund, has started the process of closing down its office in Shanghai, in another sign of big global ...
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. [1] In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.
Yngve Slyngstad (Norwegian pronunciation: [ˈʏ̂ŋvə ˈʂlʏ̀ŋstɑ]; born 3 November 1962) was the former CEO of Norges Bank Investment Management (NBIM) which is the part of the Norwegian Central Bank that is responsible for managing The Government Pension Fund - Global. [1]