Norges Bank finished 2025 by posting a loss of Nkr26.2 billion ($2.75 billion).
In its annual report published today (February 27), the Norwegian central bank blamed its currency, which has appreciated sharply over the past year, for generating the losses. The report discussed the results of both the bank’s foreign exchange reserves and the country’s sovereign wealth fund, which is managed by the central bank.
Norway’s Nkr749 billion reserves comprise three tranches: an equity portfolio, a fixed
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