UAE May Sell Dollars

From American Public Media’s Marketplace.

The United Arab Emirates is considering shifting 10% of the country's foreign exchange holdings from US dollars into euros, twice as much as previously planned.

This is on the tail of the recent uproar in the American public and US Senate over a UAE company making a deal to operate American ports. There has also been talk in the Senate of limiting foreign ownership of US assets.

Tags: Economics, Finance, Politics

Created at: 15 March 2006 12:03 AM