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Note e.g. at http://www.nbim.no/en/Investments/Market-Value/ http://www.nbim.no/en/Investments/Market-Value/ the billions they talk about ( '4,182 billion krone
by Luc 13y ago
Note e.g. at http://www.nbim.no/en/Investments/Market-Value/ http://www.nbim.no/en/Investments/Market-Value/ the billions they talk about ( '4,182 billion kroner' ) are European long scale billions, so US short scale trillions.
The number of $734 billion you give would be milliards (or thousands of millions) in the long scale version.
Journalists often don't bother making the conversion, causing a 10^6 error when talking about trillions, for example.
- justincormack 13y agoNo thats not true. I put the exact number there from the top right and that is 4,182 global/US billions. Long billions are pretty rare now, especially not for money, and for something in English as both US and UK use short scale (now, UK used not to).
- Luc 13y agoYou're quite right! I totally mistook the comma in "4,182" for a decimal mark while ignoring the rest of the text. Sadly too late to remove my confusing comment now... Not that I was insinuating your comment was wrong. I don't know the SEK exchange rate so I figured that accounted for it. Anyway, mea culpa.
- Luc 13y ago(make that the NOK exchange rate)