Norway central bank cuts crown currency puchases to zero
- Country:
- Norway
Norway's central bank said on Thursday it will cut its daily purchase of the crown currency to zero from 700 million Norwegian crowns ($80 million) due to a larger-than-expected cash inflow from the country's oil and gas industry.
The revised policy takes effect on Friday and lasts until the end of November, Norges Bank said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Norwegian
- Norges Bank
- Norway
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