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sd-10-EFTA01449239Dept. of Justice

EFTA Document EFTA01449239

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30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax r Figure 13: In EM. the main driver of reserve growth has been intervention (In USD bn) 2700 2300 1900 1600 1100 700 300 -100 1999 2001 2002 2004 2005 2007 2008 2010 2011 04 02 04 02 04 02 04 02 04 -Tout 9544.44 in Ell wares Sus 1995 TOO 4•44t41. 00490 -Tou viduabn 2700 2300 1903 1933 1100 700 300 .100 San* OSFXR•arinA Figure 15: First active diversification, than leaning against

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Dept. of Justice
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sd-10-EFTA01449239
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