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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Norway to buy NOK 350 mln in forex daily for SWF in March

Posted on 01 March 2012

Norway’s central bank will purchase foreign exchange equivalent to 350 million Norwegian crowns ($62.8 million) per day in March for the country’s oil fund, the bank said on Wednesday on its page, continuing its February practice.
Last month the central bank said it would buy foreign exchange equivalent to 350 million crowns a day so the fund could invest money in foreign stocks and bonds………………………………………..Full Article: Source


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