OSLO, April 29 Norway's central bank said it
will buy foreign currency for the country's sovereign wealth
fund at a rate of about 300 million Norwegian crowns ($57.05
million) per day in May.
The central bank manages Norway's $570 billion Government
Pension Fund Global, which invests surplus oil wealth to save
for a future when the oil and gas run out.
The bank sells Norwegian currency to invest the fund's money
in foreign stocks and bonds. It is one of the world's biggest
sovereign wealth funds and Europe's largest equity investor.
Norway is the world's fifth biggest oil exporter and Western
Europe's leading gas exporter.
(Reporting by Oslo newsroom)