Central Bank Currency Purchase

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Source: Norges Bank
Currency: Norwegian Krone
Country: Norway
Previous value: 350M
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This indicator measures the volume of the Central Bank's operations of exchanging revenues from the oil industry for foreign currency. The growth of the indicator values indicates an excess of oil revenues over the planned budget deficit. This is a favorable scenario for the country's economy. Meanwhile, sales of foreign currency by the Central Bank of the country to support the budget indicates the deterioration of the economic situation in the country.

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