Sat, Nov 29, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Norway to sell $73.56 mln daily in June for SWF

Posted on 01 June 2011

Norway’s central bank will make daily sales of 400 million Norwegian crowns ($73.56 million) in June to buy foreign exchange for the country’s oil fund, the bank said on Tuesday, extending its May practice.
Last month the central bank sold 300 million crowns so the fund could invest money in foreign stocks and bonds. Norges 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

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 15276 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930