Monday, January 24, 2005

BBC NEWS | Business | Central banks 'shunning dollar'

BBC NEWS | Business | Central banks 'shunning dollar':

"The poll carried out by Central Banking Publications found 39 nations of the 65 surveyed raising their euro holdings, with 29 cutting back on the US dollar.

The dollar's sharp fall in the face of huge deficits could be one cause of the switch, the report says.

The survey was sponsored by the UK's Royal Bank of Scotland."

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