Asian Countries Pooling Reserves to Protect Against the Incredible Shrinking Dollar, Part II
May 26, 2007 - I’m sure a bigger part of the discussion about these “pooled Asian reserves” not publicly discussed revolves around China’s continuing plans to diversify out of their huge dollar denominated reserves. All participating countries in this reserve pool must wonder how this can be achieved without greatly harming the value of their respective dollar denominated reserve pools.
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