Central Banking

Norges Bank - Payment Systems Annual Report (2010)

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The Norges Bank’s Payment Systems Annual Report for 2010, published on Monday, said reducing the costs of payment transfers could improve the efficiency of payment systems in Norway.

At a presentation of Norges Bank's Annual Report on Payment Systems, Øystein Olsen, the governor of Norges Bank, said: “Efficient payment services are essential to a well-functioning economy. Payments should be made swiftly, securely and at low cost. There are considerable differences in costs connected with various

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