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Sovereign Wealth Funds Briefing - Categorized | Market

Norway c.bank will not sell any crowns for oil fund in Dec

Posted on 02 December 2013

Norway’s central bank will not sell any Norwegian crowns in December to buy foreign currency for the country’s $810 billion sovereign wealth fund, the bank said on Friday, in line with its practice in November.
The fund invests Norway’s surplus revenues from oil and gas production for future generations and the central bank usually converts crowns into various currencies for the fund. The oil fund is the world’s largest sovereign wealth fund………………………………Full Article: Source


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