Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (34585)	6/1/2003 2:51:24 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Russian Central Bank Switches (Some) Currency Reserves to Euro rosbaltnews.com Rosbalt, 31/05/2003, 19:05 Russian Central Bank Switches Currency Reserves to Euro SAINT PETERSBURG, May 31. Russia's central bank has decided to hold part of its foreign currency reserves in euros. This was announced today by President Vladimir Putin at a press conference in Strelna, near St. Petersburg. Putin said that when he became president the country's currency reserves were worth USD 11 billion, but over the last three years they had grown to USD 61 billion. The Russian President also said that the EU is Russia's most important trade and economic partner. If obstacles to economic cooperation are overcome after the EU's expansion, and trade continues to grow, this will lead to an expansion of the eurozone. Putin underlined the fact that a wider eurozone would be an inevitable consequence of wider economic cooperation. He said that this would be in the interests of both Russia and the EU. ****** Curiously timed to give George Bush a message while he visits St. Petersburg? <g>