|December 2017||January 2018|
|A. Official reserve assets||541 186||532 524|
|Foreign currency reserves||491 520||467 233|
|IMF reserve position||5 373||5 096|
|SDRs||18 729||17 943|
|Other reserve assets||25 564||42 252|
|Other foreign currency assets||2 638||3 640|
See more tables on this subject
|I. Official reserve assets and other foreign currency assets||January 2018|
|A. Official reserve assets NOK||532 525|
|(1) Foreign currency reserves||467 233|
|(a) Securities||465 404|
|of which: issuer headquartered in reporting country but located abroad||0|
|(b) total currency and deposits with:||1 829|
|(i) other national central banks, BIS and IMF||825|
|(ii) banks headquartered in the reporting country||0|
|of which: located abroad||0|
|(iii) banks headquartered outside the reporting country||1 004|
|of which: located in the reporting country||0|
|(2) IMF reserve position||5 096|
|(3) SDRs||17 943|
|(5) Other reserve assets||42 252|
|loans to nonbank nonresidents||0|
|B. Other foreign currency assets||3 640|
|securities not included in official reserve assets||0|
|deposits not included in official reserve assets||193|
|loans not included in official reserve assets||0|
|financial derivatives not included in official reserve assets||0|
|gold not included in official reserve assets||0|
|II. Predetermined short-term net drains on foreign currency assets (nominal value)||January 2018|
|Maturity||Maturity total||Maturity 0-1 month||Maturity 1-3 month||Maturity 3-12 month|
|1.Foreign currency loans, securities, and deposits||0||0||0||0|
|outflows (-) - Principal||0||0||0||0|
|outflows (-) - (Interest)||0||0||0||0|
|inflows (+) - Principal||0||0||0||0|
|inflows (+) - Interest||0||0||0||0|
|2. Aggregate short and long positions in forwards|
|(a) Short positions (-)||-1 300||-1 300||0||0|
|(b) Long positions (+)||1 139||1 139||0||0|
|3. Other||-16 336||-16 336||0||0|
|outflows related to repos (-)||-207||-207||0||0|
|inflows related to reverse repos (+)||0||0||0||0|
|trade credit (-)||0||0||0||0|
|trade credit (+)||0||0||0||0|
|other accounts payable (-)||-16 128||-16 128||0||0|
|other accounts receivable (+)||0||0||0||0|
|IV. Memo items||January 2018|
|(a) Short term domestic currency debt indexed to the exchange rate||0|
|(b) Financial instruments denominated in foreign currency and settled by other means (NOK)||0|
|derivatives (forwards, futures or options contracts)||0|
|(c) Pledged assets||0|
|(d) Securities lent and on repo||-11 770|
|lent or repoed and included in section I||-11 770|
|lent or repoed but not included in section I||0|
|borrowed or acquired and included in section I||0|
|borrowed or acquired but not included in section I||0|
|(e) Financial derivative assets (net, marked to market)||8|
|(f) Derivatives (forward, futures or options contracts) that have a residual maturity greater than one year||0|
|aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps)||0|
|aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency||0|
|(2) To be disclosed at least once a year:|
|Currency composition of reserves||0|
|currencies in SDR basket||0|
|Currency Composition of Reserves, Denominated in US Dollars||0|
|Currency Composition of Reserves, Denominated in Euros||0|
|Currency Composition of Reserves, Denominated in Chinese Yuan||0|
|Currency Composition of Reserves, Denominated in Japanese Yen||0|
|Currency Composition of Reserves, Denominated in UK Pound Sterling||0|
|currencies not in SDR basket||0|
About the statistics
The final/preliminary figures for international reserves and foreign currency liquidity are published monthly on behalf of Norges Bank, the central bank of Norway. Publishing of these figures is a part of the central banks obligations according to IMF’s Special Dissemination Standard (SDDS).
A brief description of the financial institutions and instruments:
Norges Bank: The Central Bank of Norway exercise advisory, excecutant and control functions related to exchange rate-, credit- and monetary policy.
NBIM: Norges Bank Investment Management. NBIM is responsible for investing the Norwegian Government Pension Fund's international assets. In addition to managing the Pension Fund's international assets, 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.
The balance sheet: The balance shows assets, debt and equity by the end of a financial year.
International reserves: Liquid currency claims abroad under the control of monetary authorities.
Foreign currency liquidity: (1) Liquid currency reserves (international reserves and other reserves) under control of the authority. (2) Actual and conditional future net currency flows which affect currency claims (short-term debt in currency and activities off balance).
Future short term obligations: Net currency flows as a result of the authority’s financial activity versus domestic and foreign customers the coming 12 months.
Monetary authorities: The Central Bank
Data are compiled according to the guidelines provided in the IMFs’ ´´Data Template on International Reserves and Foreign Currency Liquidity &– Operational Guidelines´´.
Name: International reserves and foreign currency liquidity
Topic: External economy
Division for Financial Corporations
Only at the national level.
Preliminary figures for total international reserves will be published on the fifth working after the end of the reference month.
Final figures for international reserves and foreign currency liquidity will be published on the 21st (or the following business day) after the end of the reference month.
International Monetary Fund (IMF).
Norway adheres to the International Monetary Fundsâ€™ (IMF) Special Data Dissemination Standard (SDDS) which among other things obliges the member countriesâ€™ central banks to publish a detailed overview of international reserves and foreign currency liquidity.
The International Monetary Fund (IMF), Norges Bank and Statistics Norway.
Coherence with Norges Banks’ accounts.
The Statistics Act § 2-2
Section I. Includes international reserves and other foreign exchange claims based on market values from the asset side of the balance sheet.
Section II. Actual future short-term net foreign exchange flows from instruments that are not specified in Section I. Cash flows are stated at nominal value.
Section III. Conditional/possible future short-terms net foreign exchange flows to non-residents or residents.
Section IV: Specifications/other relevant information about:
i. positions and flows that are not explained in Section I-III but are considered relevant to assessing the reserves, the foreign currency liquidity position and risk exposure;
ii. additional details about positions and flows explained in Sections I-III;
iii. positions and flows broken down or valued in another way than in Sections I-III.
The data are published in millions of NOK at approximate market value or nominal value. The Government petroleum Fund is not included in the figures. Norges Bank sold most of the gold reserves in the beginning of 2004. The remaining gold is not considered as a part of the official reserves.
The data are obtained from Norges Banks’ accounts.
Electronic reporting forms.
Data is controlled by Statistics Norway and Norges Bank.
The data are generally considered to be final at the time of release, and are usually not subject to revision. In the event of revisions, the monthly data become final at the time of the release of the monthly balance sheet of Norges Bank, 10 Norwegian working days after the end of the reference month. The monthly balance sheet is immediately published on the Norges Bank website (http://www.norges-bank.no). Revisions for earlier periods are usually made only for the end of the year, with monthly figures remaining unchanged.
Time series will be published.