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Norway Opens Wealth Fund to Buying Iranian Government Bonds

  • Exclusion for government bonds now includes North Korea, Syria
  • Investors looking at yields of more than 20% in Iran bonds
Updated on

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.