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View Full Version : Dollar Preeminence Grows as Foreign Banks Double Deposits at New York Fed - Bloomberg



NewsWhore
11-21-2011, 01:30 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFcCWcEC6MJRp5TJzs6gttbj7YacQ&url=http://www.bloomberg.com/news/2011-11-21/dollar-preeminence-grows-as-foreign-banks-double-deposits-at-new-york-fed.html)
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Dollar Preeminence Grows as Foreign Banks Double Deposits at New York Fed (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFcCWcEC6MJRp5TJzs6gttbj7YacQ&url=http://www.bloomberg.com/news/2011-11-21/dollar-preeminence-grows-as-foreign-banks-double-deposits-at-new-york-fed.html)
Bloomberg
Photographer: Andrew Harrer/Bloomberg The dollar has been the world&#39;s reserve currency since World War II, when the US and allies agreed at the 1944 Bretton Woods conference to peg it to a rate of $35 per ounce of gold. The dollar has been the world&#39;s ...

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