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UAE central bank chief says if tourism is added, euro will surpass dollar as world's first currency in 2015. Also, said he expects euro to become the currency of international trade and investment in 10 years.
Dallas Fed Pres Fisher said Fed and ECB are determined not to let inflation creep into society. He also said progress on economic reforms in Europe has been disappointing.
Fisher also said:
- Would encourage deeper and broader euro holdings among central bank reserves
- He does not see the dollar being displaced among central banks
- ECB's Papademos says ECB considers global use of euro is driven by markets
- ECB has neutral view on international use of euro |
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