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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (16906)11/1/1998 5:22:00 AM
From: John Hunt  Read Replies (3) of 18056
 
China to hold euro in forex reserves - EU official

biz.yahoo.com

<< A top European Union official said on Sunday that China was planning to hold a significant amount of the new euro currency in its $141 billion of foreign exchange reserves.

''There's intense interest in that here and a commitment to put a serious amount of the reserves in the euro,'' said European Commission Vice-President Leon Brittan, who is in China on an official visit. >>

First of many to sell some of their US$ to buy the euro, I imagine.

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