Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (22096)	12/6/2004 7:37:09 PM
From: sea_urchin	Read Replies (1) of 81158

OPEC moves out of dollars .. nytimes.com >>Member nations of the Organization of the Petroleum Exporting Countries have cut the proportion of their deposits denominated in dollars by more than 13 percentage points in the past three years, mainly to the advantage of the euro, the Bank for International Settlements said Sunday. In its latest quarterly report, the Bank for International Settlements - a forum for world central banks - attributed the trend partly to United States interest rates having fallen below euro-zone levels. The report said dollar-denominated deposits fell to 61.5 percent of total deposits by members OPEC in the second quarter of 2004, from 75 percent in the third quarter of 2001. The share of euro-denominated deposits rose to 20 percent from 12 percent over the same period.<< Someone will have to be severely punished for that. Maybe even regime change?

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