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View Full Version : Iran to sell 45 Billion Euros to buy the Dollar and GOLD



DMac
2nd June 2010, 07:39 AM
UPDATE 3-Iran cenbank to sell 45 bln euros -media (http://www.reuters.com/article/idUSLDE65115U20100602?type=marketsNews)

snip, full article at link


TEHRAN, June 2 (Reuters) - Iran's central bank will sell 45 billion euros from reserves to buy dollars and gold, state-owned media said on Wednesday, signalling a u-turn on a long-standing policy to limit exposure to the currency of its most powerful enemy.

Neuro
2nd June 2010, 07:44 AM
UPDATE 3-Iran cenbank to sell 45 bln euros -media (http://www.reuters.com/article/idUSLDE65115U20100602?type=marketsNews)

snip, full article at link


TEHRAN, June 2 (Reuters) - Iran's central bank will sell 45 billion euros from reserves to buy dollars and gold, state-owned media said on Wednesday, signalling a u-turn on a long-standing policy to limit exposure to the currency of its most powerful enemy.


Watch the dollar plunge!