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Politics : New FADG. -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (1382)	6/4/2007 3:14:35 AM
From: kumar	Read Replies (1) \| Respond to of 4152

In Iran / US because of actions of either country against another ?

To: Nadine Carroll who wrote (1382)	6/4/2007 10:59:42 AM
From: Elroy	Read Replies (1) \| Respond to of 4152

Published: 04/06/2007 12:00 AM (UAE) Syria to switch peg from dollar to SDR Agencies gulfnews.com Abu Dhabi: Syria will link the pound to International Monetary Fund's special drawing rights (SDR) in July, abandoning the peg to the US dollar, the central bank governor said on Monday. "We will do it now in July," Governor of the Central of Syria Adeeb Mayaleh told reporters in Abu Dhabi. Mayaleh said in October that the change would take place in the first half of 2007, but "we needed some time so we slightly delayed it". Effective January 1, 2006, the IMF set weightings for the SDR at 44 per cent US dollars, 34 per cent euros, and 11 per cent each of yen and the British pound. Asked about the weighting of the dollar in the Syrian currency reserves, he said: "There will be no change for the moment and we will keep it at 50-50, but we might change it later on depending on any new development," he said.