GOLD CENTURY

[Picassa]

"Iran's central bank will sell 45 billion euros from its reserves to buy dollars and gold ingots, a report on the website of state-owned Press TV said on Wednesday.

There was no announcement of the sale on the bank's website and officials at the bank declined comment.

Traders said the news was having limited impact on the euro, and some in the market were sceptical about whether Tehran would be able to buy significant amounts of dollars, given that U.S.

depository institutions are banned from processing transfers involving the country."