Financial50 øre coin soon to retire
Thursday, 09 September 2010 13:56
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The Norwegian Central Bank has announced that it is contemplating to retire the 50 øre (cent) coin ("femtiøringen"). This move would be the fifth time the bank retires small tender.
The Norwegian Ministry of Finance has excluded two Israeli companies and one Malaysian company from the portfolio of the Government Pension Fund Global (GPFG), also known as the National Oil Fund.
In July, Norwegian exports came to NOK 61.7 billion, while imports reached NOK 33.3 billion. This gave a trade surplus of NOK 28.4 billion, NOK 2.9 bill higher than in June, but NOK 1.6 bill lower than July last year.
The Government Pension Fund Global - also known as the National Oil Fund - reports a 5.4 per cent (NOK 155 billion) negative return in the second quarter, caused by a decline in global equity markets.