BEIJING (MNI) – The Iranian central bank has rolled out a three
stage program to sell 45 billion euros from its foreign exchange
reserves for dollars and gold, the Xinhua News Agency reported, citing
Iranian media.
The first stage has begun, the report said. It said that other
central banks in the Gulf region are also selling down their euro
holdings but did not identify which ones.
–Beijing Bureau, +86-105-864-5241; dwilder@marketnews.com
[TOPICS: M$$FX$,M$X$$$,MGX$$$,M$$CR$]
