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To: Abner Hosmer who wrote (8478)3/18/1998 3:43:00 PM
From: Alex  Read Replies (1) | Respond to of 116767
 
OOPS! I guess my lips moved faster than my brain when first reading that. (eom)



To: Abner Hosmer who wrote (8478)3/18/1998 5:03:00 PM
From: Keith Monahan  Read Replies (3) | Respond to of 116767
 
Tom,

I'm trying to figure out the implications of this gold sale and its getting confusing (I think I've read too many news releases today).

Is it a true statement that at the time of the EMU, total country reserves (as defined today) will equal "external reserves" plus reserves transferred to the European Central Bank? Or are "external reserves" defined more narrowly?

Thanks,

Keith