OSLO Feb 29 Norway's central bank will
purchase foreign exchange equivalent to 350 million Norwegian
crowns ($62.8 million) per day in March for the country's oil
fund, the bank said on Wednesday on its page, continuing
its February practice.
Last month the central bank said it would buy foreign
exchange equivalent to 350 million crowns a day so the fund
could invest money in foreign stocks and bonds.
Norges Bank manages Norway's $606 billion Government Pension
Fund Global, which invests surplus oil wealth to save for a
future when the country's oil and gas resources run dry.
The bank's global pension fund is one of the world's largest
sovereign wealth funds and Europe's largest equity investor.
Norway is the world's eighth biggest oil exporter and Western
Europe's leading gas exporter.
($1 = 5.5728 Norwegian crowns)
(Reporting by Walter Gibbs)