09-21-2007, 10:38 AM
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Confirmed User
Join Date: Dec 2004
Location: GFY
Posts: 5,176
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Greenspan: Euro Gains As Reserve Choice
Quote:
Former U.S. Federal Reserve chairman Alan Greenspan said it is possible that the euro could replace the U.S. dollar as the reserve currency of choice.
Greenspan said that at the end of 2006, some 25 percent of all currency reserves held by central banks were held in euros, compared to 66 percent for the U.S. dollar.
In terms of being used as a payment for cross-border transactions, the euro is trailing the dollar only slightly with 39 percent to 43 percent.
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http://biz.yahoo.com/ap/070917/germa...euro.html?.v=1
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