Thursday 18 February 2016

Norway Opens Wealth Fund to Buying Iranian Government Bonds - Bloomberg Business

Norway Opens Wealth Fund to Buying Iranian Government Bonds - Bloomberg Business:

"Norway opened its $810 billion wealth fund to Iranian government bonds as the Middle Eastern nation emerges from almost a decade of international sanctions following a deal to curb a nuclear program.
Norway has had sanctions in place on investing in Iranian government bonds since January 2014 as part of a ban that now will include only North Korea and Syria, according to a statement from the Finance Ministry in Oslo. The ban was lifted as Iran met its initial obligations under the Joint Comprehensive Plan of Action, the ministry said.  
“As part of this easing the prohibition against buying Iranian government bonds falls away,” Norway said."



'via Blog this'

No comments:

Post a Comment