UAE, Qatar may buy euros for reserves

The United Arab Emirates and Qatar said they may buy euros with some of their combined $30 billion of foreign exchange.

``We sold euros last year when the currency was high, and could buy again,'' Qatar's Central Bank Governor Sheikh Abdullah bin Khaled al-Attiyah said.

``We are not against'' buying euros, ``but we postponed it until we meet again in a month,'' Sultan bin Nasser al-Suwaidi, governor of the UAE central bank, told reporters on Tuesday 4 April upon arrival at the meeting of Gulf

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