YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Currency shifts helped push the value of Norway's pension fund above $1 trillion for the first time.
"The growth in the fund's market value has been stunning," fund chief Yngve Slyngstad said in a statement. "I don't think anyone expected the fund to ever reach $1 trillion when the first transfer of oil revenue was made in May 1996."
Comparatively, $1 trillion is about the size of Mexico's economy.
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