Thu, Jul 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Norges Bank to sell NOK300mln-day in April for SWF

Posted on 28 March 2013

Norway’s central bank said Wednesday it plans to sell 300 million Norwegian kroner ($51.4 million) a day in April to buy foreign currency on behalf of the Government Pension Fund Global, commonly known as the oil fund.
Norges Bank also sold NOK300 million daily in the first three months of the year to obtain foreign currency for the fund’s investments. The fund, set up in 1990 to safeguard Norway’s oil wealth, had a market value of NOK3,816 billion ($654 billion) at the end of 2012–making it one of the largest sovereign wealth funds in the world………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14450 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031