20.11.2014 - Norway c.bank chief says currency drop beneficial in several ways
The weakening of the Norwegian crown currency during the last several months is beneficial in several ways, Central Bank Governor Oeystein Olsen said in a speech on Wednesday. "There has undoubtedly been a close correlation between the fall in the oil price and the weakening of the crown that's taken place this autumn, and that may be beneficial in several ways," Olsen told a business conference. He did not elaborate on the benefits. He also pointed out that the currency had strengthened slightly since hitting a five-year low earlier this month....................................Full Article: Source
Print