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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Norway cbank won’t buy foreign currency for oil find in April

Posted on 02 April 2014

Norway’s central bank will not purchase any foreign currency for the country’s sovereign wealth fund in April, the bank said on Monday on its page, in line with its practice over the past several months.
The fund, the world’s largest sovereign wealth fund, invests Norway’s saved up wealth from oil and gas production for future generations. The central bank, which manages the fund, frequently converts surplus tax revenues into foreign currency to buy stocks, bonds and real estate. However, it has made no currency purchases since the end of October……………………………..Full Article: Source


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