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Norges Bank
Type Government agency
Founded 14 June 1816
Headquarters Oslo, Norway
Area served Norway
Key people Svein Gjedrem (Chairman)
Industry Central bank
Employees 547 (2006)
Parent Norwegian Ministry of Finance
Website www.norges-bank.no
Norges Bank

Norges Bank / Noregs Bank is the central bank of Norway. Apart from having traditional central bank responsibilities such as financial stability and price stability, it manages The Government Pension Fund of Norway, a stabilization fund that is one of the world's largest investment pools.

On 31 December 2005, the Bank had 547 employees. All Executive Board appointments are made by King Harald V, after a decision by the Council of State. The Chairman of the Executive Board, Svein Gjedrem, who presides over the Bank, is also the acting Central Bank Governor. Both the Governor and the Deputy Governor make speaking appearances across the country on a number of occasions each year.

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Norges Bank Investment Management

NBIM is a separate part of Norges Bank and is responsible for the operational management of the Government Pension Fund - Global. NBIM also manages Norges Bank's foreign exchange reserves. NBIM invests the fund's assets and the foreign exchange reserves in international equities and fixed income instruments, money market instruments and derivatives.

List of Central Bank Governors

See also

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External links

Coordinates: 59°54′31.07″N 10°44′36.66″E / 59.9086306°N 10.7435167°E / 59.9086306; 10.7435167

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