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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Norway fund to refrain from fx buying in Feb

Posted on 01 February 2011

From Reuters: Norway’s central bank will not sell Norwegian crowns in February to buy foreign exchange for the country’s oil fund, the bank said Monday on its NOCC page, extending its January practice.
The central bank manages Norway’s 3.1 trillion Norwegian crown ($524 billion) Government Pension Fund Global, which invests surplus oil wealth to save for a future when the country’s oil and gas resources run dry……………………………………….Full Article: Source


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