www.universalcurrentaffairs.com

NATO chief Jens Stoltenberg appointed to lead Norway's Central Bank.

Jens Stoltenberg will become Norway's next central bank governor when his tenure as NATO secretary-general ends later this year, the Norwegian government announced.

The current governor of Norges Bank, 70-year-old Oystein Olsen, is set to retire after holding the position since the beginning of 2011.

Stoltenberg, 62, was the Norwegian finance minister from 1996 to 2000 and prime minister from 2000 to 2001. He became Norway's PM again in 2005, a position he held for a further eight years.

He will relinquish his role as NATO head at the end of September. "Mr. Stoltenberg has made clear that until that time, his focus remains firmly on his NATO responsibilities," an official from the alliance said in a statement.

Source: www.dw.com

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