01.10.2014 - Norway's Central Bank to Buy Kroner for Oil Fund in October
In an unusual move, Norway's central bank said on Tuesday it would buy Norwegian kroner and sell foreign exchange in the market in October on behalf of the country's sovereign-wealth fund, sending the krone higher against the euro. Norges Bank said it would sell the equivalent of 250 million Norwegian kroner ($38.8 million) a day in October. The central bank announces on the last working day of each month how much foreign currency it will buy or sell in the following month but hasn't bought or sold foreign currency in this way since October 2013, when it sold kroner...............................................Full Article: Source
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