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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Norway to sell NOK 200 mln daily in June

Posted on 01 June 2009

From Reuters: Norway’s central bank, which manages Norway’s $300 billion Government Pension Fund, will sell 200 million Norwegian crowns daily in June to buy foreign exchange for the country’s oil fund, after refraining from selling crowns from March to May, the bank said on Friday.

The bank sells Norwegian currency to invest the fund’s money in foreign stocks and bonds…….Full Article: Source


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