November 30, 2018 / 9:14 AM / 10 days ago

Norway c.bank keeps crown purchases at NOK 350 mln per day Dec 1-14

OSLO, Nov 30 (Reuters) - Norway’s central bank will keep its daily sale of foreign currency unchanged at 350 million Norwegian crowns in December, but will conduct them only in the period Dec. 1-14 it said on Friday.

In order to make funds available to be spent as part of the government’s fiscal budget, Norges Bank exchanges currency earned from the country’s oil industry and its sovereign wealth fund into Norwegian crowns.

More details on how and why the central bank trades currency can be seen here: bit.ly/2U2ziZ1 (Reporting by Camilla Knudsen, editing by Terje Solsvik)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below