Norges Bank

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(Redirected from Central Bank of Norway)

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

Image:Norges Bank.jpg

Norges Bank

Norges Bank / Noregs Bank is the central bank of Norway. Among other tasks it manages The Government Pension Fund of Norway, a stabilization fund that is one of the world's largest investment pools.

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

1 Norges Bank Investment Management
2 List of Central Bank Governors
3 See also
4 References
5 External links

[edit] Norges Bank Investment Management

NBIM is a separate part of Norges Bank and is responsible for investing the international assets of the Norwegian Government Pension Fund. NBIM also manages the major share of Norges Bank's foreign exchange reserves and the Government Petroleum Insurance Fund. NBIM invests in international equities and fixed income instruments, money market instruments and derivatives.

[edit] List of Central Bank Governors

Karl Gether Bomhoff (1893–1920)
Nicolai Rygg (1920–1946)
- Arnold C. Ræstad (head of the London branch 1940–1945)
Gunnar Jahn (1946–1954)
Erik Brofoss (1954–1970)
Knut Getz Wold (1970–1985)
Hermod Skånland (1985–1993)
Torstein Moland (1994–1995)
Kjell Storvik (1996–1998)
Svein Gjedrem (1999–Present)^[1]

[edit] See also

[edit] References

^ Official site: History of the bank

[edit] External links

Official site: Norges Bank (Norwegian) (English)

v • d • e Central Banking
List of Central Banks
Bank for International Settlements · Reserve Bank of Australia · Central Bank of Brazil · Bank of Canada · Central Bank of Chile · People's Bank of China · Croatian National Bank · Bank of England · Bank of Japan · Federal Reserve System · European Central Bank · Reserve Bank of India · Central Bank of Iran · Bank of Israel · Bank of Mexico · Central Bank of Russia · National Bank of Serbia · Central Bank of Turkey · Reserve Bank of Zimbabwe

Policies:	Expansionary monetary policy · Contractionary monetary policy · Monetary policy of the USA · Monetary policy of Sweden · Capital requirement
Implementation:	Open market operations · Capital control · Discount rate · Money creation · Interest rates

Bretton Woods system:	World Bank · International Bank for Reconstruction and Development · International Finance Corporation · International Development Association · Multilateral Investment Guarantee Agency · International Centre for Settlement of Investment Disputes

v • d • e Norwegian state banks
State banks	Educational Loan Fund \| Housing Bank \| Norges Bank \| Public Service Pension Fund
Shared ownership	DnB NOR \| Kommunalbanken
Heritage	Agriculture Bank \| Den norske Bank \| Kredittkassen \| Norges Hypotekbank \| Postbanken