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Re: Fix what's wrong



At 09:00 AM 11/7/03 -0800, William B. Ryan wrote:
>The dirty little secret of central banks in the
>region, including Russia's, is that a large
>percentage (perhaps more than two-thirds) of the
>vault cash that forms the basis of their "reserves"
>can never be repatriated to the United States,
>because it didn't emanate from the United States in
>the first instance, but the Bank of Iran.

That seems high.  The information I found had estimates that 0.03 of 1%
(0.0003%) of dollars outside the US were Iranian counterfeits.

Perhaps if every bit of it was in reserves...
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