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Russia Weighs Shifting Its Holdings to Euros
Ouch .... And China said to the US to fix their economy and stop blaming China...
US dollar is heading.... doooown ....
Quote:
, Nov. 23 - The euro rose to another record high against the dollar today after the Russian central bank said it might increase its euro holdings in an effort to insulate itself against further weakness in the American currency.
Like the United States Federal Reserve and its other counterparts, the Russian central bank holds huge reserves of dollars, euros and other currencies as a means of defending its own currency, the ruble, and smoothing out foreign-exchange market movements whenever necessary. Nearly two-thirds of its $113 billion in foreign-exchange and gold reserves are denominated in the dollar, which has reigned for decades as the premier global reserve currency.
http://www.nytimes.com/2004/11/23/bu...er=rssuserland
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I know that Asspimple is stoopid ... As he says, it is a FACT !
But I can't figure out how he can breathe or type , at the same time ....
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