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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Ecuador’s foreign reserves fall to lowest since 2009

Posted on 31 August 2010

From Bloomberg: Ecuador’s foreign reserves dropped to the lowest level since July 2009, heading for their biggest monthly decline since May, as government cash deposits at the central bank fell.
Foreign reserves in Ecuador have declined 8.4 percent this month to $3.53 billion, the central bank said today on its website. Reserves have declined 23 percent from this year’s May high of $4.57 billion, according to the report……………………………………….Full Article: Source


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