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Tuesday, February 20, 2007

FOREX: ECB FX Reserves Rise EUR 0.5Bln To EUR145.3Bln - Feb 16

ECB reserves have risen EUR500 mln in the week ending Feb 16th to EUR 145.3 bln. The rise comes after a five week decline in reserves totaling EUR3.9 bln. Gold reserves declined EUR90mln over the same week due to sales by two Eurosystem central banks. Gold reserves have declined now for 117 out of the last 123 weeks.

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