UAE, Saudi considering to move reserves out of dollar

webtrainer

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Tue Mar-21-06 05:48 PM
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UAE, Saudi considering to move reserves out of dollar

WASHINGTON � A number of Middle Eastern central banks said on Tuesday they would seek to switch reserves from the US greenback to euros.

more--->http://www.middleeastforex.com/index.php?section=147

the tide is definitely going out it would seem . . . found this bit interesting (about Syria pulling out of the dollar recently):

The decision by the bank of Syria follows the announcement by the White House calling on all US financial institutions to end correspondent accounts with Syria due to money-laundering concerns.

bwahaha

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bemildred

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Tue Mar-21-06 08:57 PM
Response to Original message

1. Nobody wants to be on the losing side ... nt

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