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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Iran gains $9nln in currency reserve shift

Posted on 29 June 2010

From Hindustantimes.com: Iran’s state TV quotes the country’s central bank governor as saying Tehran has gained the equivalent of $9 billion dollars by shifting its foreign currency reserves to euros and selling gold.
Mahmoud Bahmani on Monday described Iran’s foreign currency reserves as very “suitable,” but did not provide a figure or qualify over what period of time the currency transactions took place……………………………………….Full Article: Source

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