Wednesday, February 15, 2006

CURRENCY WAR

AP: Syria switches from dollars to euros

DAMASCUS, Syria - Syria has switched the primary hard currency it uses for foreign goods and services from the U.S. dollar to the euro in a bid to make it less vulnerable to pressure from Washington.
The decree signed by Syrian Prime Minister Naji al-Otari on Monday ordered government bodies and public-sector companies to use euros to pay for foreign transactions, including payment for exports.

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