Norges Bank, founded in 1816, is the central bank of Norway.
The Storting, Norway's parliament, established Norges Bank in 1816, several years after Norway entered a union with Sweden. The bank was created to provide a national monetary institution and help organize the country's currency and financial system.
Norges Bank is responsible for monetary policy, issuing Norwegian banknotes and coins, managing foreign-exchange reserves, and promoting financial stability. It also manages the Government Pension Fund Global, commonly known as Norway's sovereign wealth fund, on behalf of the Norwegian government.
Norges Bank is sometimes confused with Sweden's Riksbank, which was founded earlier, in 1668. Norway's currency is the krone, while Sweden uses the krona. The names are related linguistically but refer to separate national currencies and central banks.