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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Norway to refrain from fx buying for wealth fund in January

Posted on 02 January 2014

Norway’s central bank will not sell Norwegian crowns in January to buy foreign exchange for the country’s sovereign wealth fund, the bank said on Monday on its page, extending its December practice.
Last month the central bank said it would refrain from buying foreign exchange that would have enabled the fund to invest money in foreign stocks and bonds. The fund invests Norway’s revenues from oil and gas production for future generations. It is the world’s largest sovereign wealth fund………………………………………..Full Article: Source


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