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LPNEWS

Norway SWF Should Be Spun Off From Central Bank, Commission Says

by ipe.com posted 1year ago 390 views
<p>Norway&rsquo;s NOK8.1trn (&euro;855bn) oil fund should be managed separately from the country&rsquo;s central bank now that it has grown so big, a government commission has proposed.</p> <p>The Ministry of Finance announced last week that a commission set up to review Norges Bank and the Norwegian monetary system had recommended that the oil fund be managed by a separate statutory entity.</p>