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[PEN-L:2716] Re: Re: Re. euro-query



Barkley,
I do not rule out the emergence of a black market between euro zone
currencies by definition, but due to the specific  insitutional
arrangements of the European System of  Central Banks, namely that it
guarantees to convert all member currencies at the official rate.

Trevor Evans
Paul Lincke Ufer 44
10999 Berlin

Tel. & fax: +49 30 612 3951
Email: Trevor_Evans@xxxxxxxxxxxxxx



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