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El Salvador sells 80 percent of its gold reserves for U.S. dollars
By Nelson Renteria
Reuters
Friday, April 24, 2015
El Salvador's central bank sold about 80 percent of its gold reserves last month to diversify risk and take advantage of the metal's appreciation, a central bank official said on Friday.
The country, which has been dollarized since 2001, sold 5.412 tons of gold for $206 million, which will go into the bank's reserve portfolios to protect it against market volatility. ...
... For the remainder of the report:
http://www.reuters.com/article/2015/04/25/elsalvador-debt-idUSL1N0XM00Y2...
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