According to a report dated today (March 21) from a company calling itself Middle East FOREX, several Mid-East central banks said today they would seek to switch reserves from USD to Euros.

Unfortunately, I noted that the report from Middle East Forex is the same one that came from a company called the Middle East Times dated a week ago (March 15).

So, you may be interested in the story, but it pays to know who is publishing it. The story could be fact or it could be fiction. With the Web, this problem is going to become pervasive.