Sudan to switch dollar reserves

The Bank of Sudan has said it is looking to replace its dollar reserves with euros and other currencies by the end of 2007 to lessen the impact of US sanctions.

The US imposed an embargo on Sudanese companies using dollars in 1997 because of the conflict in the Darfur region of the country. George W Bush, the US president, announced fresh sanctions in May this year, which bar Sudanese companies and individuals involved in Darfur from trading or banking with the US.

In an interview with Reuter

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