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Article: Rumors of currency devaluation in Cayman Islands false, monetary authority says
- Article from:
- AP Worldstream
- Article date:
- March 11, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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00-00-0000
Dateline: GEORGE TOWN, Cayman Islands
The Cayman Islands has no plans to devalue its currency, which is
fully backed by U.S. dollar reserves, a Monetary Authority official
said Monday in a statement denying persistent rumors of a devaluation.
Following the Sept. 11 attacks on the United States, rumors started
circulating in the British territory that a U.S. recession would lead
the islands' to devalue the Cayman ...
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