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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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- Thread context:
- Call for Papers & Registration,
Lee, Frederic Sat 08 Nov 2003, 23:37 GMT
- Accounting Theory,
Harry Veeder Sat 08 Nov 2003, 23:32 GMT
- More on AccountingTheory,
Harry Veeder Sat 08 Nov 2003, 23:28 GMT
- Re: Fix what's wrong,
William B. Ryan Sat 08 Nov 2003, 23:27 GMT
- Economic news from China,
Henry C.K. Liu Sat 08 Nov 2003, 23:26 GMT
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