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Norwegian International Reserves Increase

Norway's international reserves increased by NOK 23 billion from November to NOK 289.2 billion at the end of February, Statistics Norway said Thursday.

Data released on Thursday showed that the current account surplus increased by NOK 3 billion to NOK 113 billion in the fourth quarter, largely reflecting the improvement in trade in goods and services.

The surplus on the current account balance was NOK 396 billion in 2011, which was NOK 82 billion higher than in 2010.

by RTTNews Staff Writer

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