Wednesday, June 2, 2010

Iranian Government Moving Out Of Euros

There may be a geopolitical irony in the fact that the Iranian govenment is moving $45 billion' worth of reserves from Euros to U.S. dollars, but that's what they doing in part. They're also moving some reserve money into gold.

The story doesn't specify the ratio, but the fact that the U.S. dollar is being put in the mix suggests that the Iranian officials don't anticipate war with the United States anytime soon.

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