OSLO May 31 Norway's central bank will make
daily sales of 400 million Norwegian crowns ($73.56 million) in
June to buy foreign exchange for the country's oil fund, the
bank said on Tuesday, extending its May practice.
Last month the central bank sold 300 million crowns so the
fund could invest money in foreign stocks and bonds.
Norges 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.
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)