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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Norway c.bank to increase crown sales in September

Posted on 01 September 2010

From Reuters: Norway’s central bank will increase its daily sales of Norwegian crowns in September to buy foreign exchange for the country’s oil fund. The central bank manages Norway’s $450 billion Government Pension Fund — Global which invests surplus oil wealth to save for a future when the oil and gas run out.
Daily transactions will be 470 million Norwegian crowns ($74.18 million), up from 135 million in August……………………………………….Full Article: Source


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