Finance
Norway central bank does not recommend introduction of a digital currency
Published by Global Banking and Finance Review
Posted on December 10, 2025
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 10, 2025
OSLO, Dec 10 (Reuters) - Norway's central bank does not currently recommend the introduction of a central bank digital currency (CBDC), but may do so at a later time, it said on Wednesday.
Norges Bank assessed whether a CBDC was needed to help ensure that paying with the Norwegian crown remains secure, efficient and attractive, but concluded that such a measure was not warranted at this time.
"We will be ready to introduce a central bank digital currency if it becomes necessary to maintain an efficient and secure payment system," Norges Bank Governor Ida Wolden Bache said in a statement.
(Reporting by Terje Solsvik, editing by Anna Ringstrom)
A central bank is a national financial institution that manages a country's currency, money supply, and interest rates. It also oversees the banking system and implements monetary policy.
The Norwegian crown is the official currency of Norway, abbreviated as NOK. It is used for all transactions within the country and is managed by the Norges Bank.
Monetary policy is the process by which a central bank controls the supply of money, availability of credit, and interest rates to achieve specific economic goals, such as controlling inflation and stabilizing the currency.
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