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To: PaulM who wrote (31640)	4/13/1999 8:16:00 AM
From: lorne	Respond to of 116790

Hello Paul....." ''The euro ought to be the main currency in our foreign exchange reserves as its long-term trend will be stable,'' said Liu Guoguang, a leading economist with the Chinese Academy of Social Sciences."..... I wonder if he means that the long term trend for US$ will be unstable. A couple of days ago I posted an article where China has openly said that the era of US$ dominating as the worlds reserve currency must come to an end. Question---If this should come about would commodities still be priced in US$ ? What method would China use to increase their reserve holdings in the Euro.? Take care Lorne