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Monday, August 28, 2006

Russians Dump Dollar

MOSCOW -(Dow Jones)- Russians abandoned the dollar at an unprecedented rate in the first half of this year, the news agency RIA Novosti reported Central Bank deputy chairman Alexei Ulyukayev as saying Friday.

Ulyukayev told a press conference - to which foreign press weren't invited - that dollar assets held by the population had fallen by $5.1 billion in the first half of this year - three times the rate seen in the corresponding period in 2005.

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