Norges Bank To Purchase NOK 500 Mln Forex Reserves Daily In August

Sponsored Links

Friday, the Norges Bank announced that it would purchase foreign exchange equivalent to NOK500 million per day in August, for the Government Pension Fund - Global.

The Fund's foreign exchange requirements are partly met by the state's direct financial interest in petroleum activities (SDFI) and partly by Norges Bank's purchases in the market, the report said.

(Market News Provided by RTTNews)