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Strategies for a discontinuous future.












Tuesday, December 07, 2004
 


Macropocalypse

"...Oil exporters have sharply reduced their exposure to the US dollar over the past three years, according to data from the Bank for International Settlements.

Members of the Organisation of Petroleum Exporting Countries have cut the proportion of deposits held in dollars from 75 per cent in the third quarter of 2001 to 61.5 per cent."

No comment necessary.

-- umair // 2:21 PM //


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