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Strategies & Market Trends : Asia Forum
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To: Zeev Hed who wrote (1174)1/19/1998 5:15:00 PM
From: Stitch  Read Replies (1) of 9980
 
Zeev,

<< are they donating this gold or simply exchanging it for won so as to improve the hard currency (or gold) position in Korea?>>

The redeemers of gold are getting credits in dollar denominted savings accounts. The whole idea is to increase dollar bank holdings.

Best,
Stitch
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