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Syria spurns dollar for euro
- Syria: Wednesday, July 12 - 2006 at 06:53
Syria will repeg its currency from the US dollar by December, to reflect closer ties with Europe, according to Bloomberg. The new peg will either be a weighted group of currencies including the euro, or IMF Special Drawing Rights loans. Syria sold $2.9bn of goods to the EU in 2005, compared with $155m to the US.
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James McInerney, News EditorWednesday, July 12 - 2006 at 06:53 UAE local time (GMT+4)
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This article was updated on Sat May 26 2007.
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