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  • Tuesday, February 14, 2006

    Syria switches to Euros

    According to this article, from Reuters, Syria has decided to switch all its foreign currency transactions from the US Dollar to the Euro:

    "This is a precaution. We are talking about billions of dollars," Duraid Durgham told Reuters.

    The bank, which still dominates the Syrian market although private banks have been allowed to set up in the last few years, has also stopped dealing with dollars in the international foreign exchange flows of private clients.

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