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View Full Version : Fischer Shekel Sales Double Reserves, Threaten Profits at Teva - Bloomberg



NewsWhore
05-21-2009, 03:23 AM
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Fischer Shekel Sales Double Reserves, Threaten Profits at Teva (http://news.google.com/news/url?sa=T&ct=us/4-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601109%26sid%3DaLTL8o5sC9Kg%26refer%3Dhome&cid=0&ei=3AMVStndLpKxmAf5gOGjCA&usg=AFQjCNEu4InVzyzx7lUGVbtjsVJqgfMVig)
Bloomberg
While Fischer&#39;s policy of selling the currency to promote exports drove the shekel down 22 percent in the nine previous months, it also doubled foreign reserves to $45 billion, enough to cover external debt for the next year. ...


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