Central Banking

Norges Bank – Annual Report on Payments Systems (2009)

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Savings can be achieved by increasing the number of electronic invoices used, the 2009 Norges Bank Annual Report on Payments Systems published on 2 July says.

In an announcement marking the publication of the annual report, Svein Gjedrem, the governor of the Norges Bank, said: "The prices charged for payment services should reflect the cost of producing the services, to a greater extent than is the case at present. This would secure a more cost-effective use of resources."

Gjedrem said Norway's

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