OSLO Jan 31 Norway's central bank will not sell
Norwegian crowns in February to buy foreign exchange for the
country's oil fund, the bank said Monday on its NOCC page,
extending its January practice.
The central bank manages Norway's 3.1 trillion Norwegian
crown ($524 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.
Norges Bank often sells Norwegian currency to invest the
fund's money into foreign stocks and bonds.
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 fifth biggest oil exporter and Western
Europe's leading gas exporter.
(Reporting by Oslo newsroom)