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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Meet the Norwegian Currency’s Oil Buffer

Posted on 19 April 2016

Norway’s sovereign wealth fund has shielded the krone from the steeper falls suffered by the Russian ruble. When oil price gyrations hit currencies, it’s good to have a cushion to soften the blows. Norway has a big cushion, a 7.5 trillion kroner ($906 billion) sovereign fund.
After this Sunday’s summit in Doha failed to secure an agreement among oil-producers to curb crude supply, the oil price fell and the currencies of the big crude exporters fell with it. When crude later rebounded, these currencies followed suit………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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