Russia To Price Oil in Euros in Snub to US !

[Dover]

Has this already been posted?

Russia to price oil in euros in snub to US

Russia is to start pricing its huge oil & gas exports in euros instead of dollars as part of a stragetic shift to forge closer ties with the European Union.

The Russian central bank has been amassing euros since early 2002, increasing the euro share of its $65 billion (£40 billion) foreign reserves from 10pc to more than 25pc, according to the finance ministry.

The move has set off a chain reaction in the private sector, leading to a 4-fold increase in euro deposits in Russian banks this yr & sending Russian citizens scrambling to change their stashes of greenbacks into euro notes.

German officials said Chancellor Gerhard Schroder secured agreement for the change-over on oil pricing from Vladimir Putin ... while on a trip to Russia this wk. ... con't

http://tinyurl.com/qe8u

[Dover]

1. How does one go about changing dollars to Euros?

I wondering if I should do this with some of my savings.

[maggrwaggr]

2. Go to the airport

If you can make it through security you can exchange thousands there at the little windows. At least that's what they told me the last time I was passing through at Los Angeles International.

I've heard Australian dollars are a good bet, too.

The Euro used to be about 88 cents. Now (last I checked) it was 1.17.

Thanks Bush!

[Dover]

3. Huh? You can't do it at a bank?

I confess I'm really ignorant about this. I've exchanged currency at the bank when I've traveled abroad, but don't know about larger sums.

[Old and In the Way]

4. I'm in a Eurodollar money market fund.

My personal protest to this administration....

[Dover]

5. Has it got a name? Care to share?

Sounds like a good move.

[Resistance Is Futile]

6. Get professional advice

If you're asking that kind of question then you don't know enough to make sound transnational investments on your own.

Talk to a financial advisor. Yes, it will cost you, but the shirt you save will be your own.

[Dover]

8. Yes. Of course that's sound advice. I was just curious what others

have done, who may have already explored this issue.

[Andy_Stephenson]

7. Look at this

http://www.lightbulbpress.com/00clients/topics/Investing/InvestStrat/sia74/content.html

[Dover]

9. Nice find! Thanks............n/t

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