Categories: International

NATO chief Jens Stoltenberg to head Norway central bank

The North Atlantic Treaty Organization (NATO) chief, Jens Stoltenberg will take over as Norway’s central bank Governor at the end of the year. The appointment comes amid escalating tensions between the West and Russia. Western nations fear Moscow has plans to invade Ukraine, which aspires to join the NATO alliance.

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But Mr Stoltenberg, a 62-year-old trained economist, insisted that he would stay on as NATO Secretary-General until the end of his term in October. Norway’s central bank determines monetary policy but also manages the country’s enormous sovereign wealth fund, the biggest in the world.

Important takeaways for all competitive exams:

  • NATO Founded: 4 April 1949, Washington, D.C., United States;
  • NATO Headquarters: Brussels, Belgium.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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