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Asia’s currency reserves sufficient to fight jitters

Posted on 16 October 2008

From WSJ: Asia’s foreign-exchange reserves eased in September from August but remained at historically high levels, signaling that the region is well-stocked with funds to help stabilize jittery markets.

Reserves held by 12 central banks in the region stood at $4.351 trillion at the end of September, down from $4.357 trillion at the end of August, according to calculations by Dow Jones Newswires….. Full Article: Source


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