Norges purchases NOK 430m for Petroleum Fund

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NORWAY - Norges Bank will purchase foreign exchange equivalent to NOK 430m (e51m) per day for the NOK 942.4bn (e114bn) Government Petroleum Fund in October.

The amount is down NOK 200m from September. The fund previously attributed September’s increase in purchases when compared with August to high oil prices. The fund’s foreign exchange requirement...

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