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Qatar buys euro for reserves
- Qatar: Monday, April 24 - 2006 at 15:00
The Qatar Central Bank is exchanging euro for dollars on global capital markets and could raise the percentage of its foreign exchange reserves held in euros to 40%, a Qatar Central Bank official told Dow Jones Newswires. The news comes as many GCC countries are understood to be considering currency reserve diversification to protect against a weaker US dollar.
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Peter J. CooperMonday, April 24 - 2006 at 15:00 UAE local time (GMT+4)
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