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Friday January 14, 11:44 am Eastern Time

No dollarization pact likely with Ecuador-Summers

WASHINGTON, Jan 14 (Reuters) - U.S. Treasury Secretary Lawrence Summers said on Friday there was no likelihood of a formal agreement with Ecuador regarding the Latin American country's decision to adopt the dollar as its currency.

``No formal agreement is in prospect,'' he told reporters after giving a speech at the Institute for International Economics.


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