Monday, March 07, 2005


Asian Banks Trim Dollar Ratios In Reserve

The Financial Times is reporting that Asian commercial and central banks have reduced the percentage of US dollars within their reserves. "(According to) BIS data"..the banks "held only 67 per cent of their deposits in dollars as of September 2004, down from 81 per cent in the third quarter of 2001, said the Basel-based bank."

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