Phorgy Phynance

Qatar central bank sells dollars, buys gold

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For anyone who follows currencies closely (which is not me), this is probably not newsworthy, but I find it interesting that today there were two news items highlighting movements away from USD. Here is the second…

Qatar central bank sells dollars, buys gold

The amount involved is maybe not so significant as far a currency market movers is concerned, but my rough calculation puts it at a little over $160B. I remember when I thought that was a lot of money 🙂

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Written by Eric

July 13, 2007 at 12:41 pm

Posted in Currencies, Gold

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