"San Marino plans mutual funds as it seeks new role", Fri Jun 15, 2007 11:32AM EDT
By Lisa Jucca :
SAN MARINO, June 15 (Reuters) - Microstate San Marino is reinventing itself as modern financial centre, its central bank head said, trying to overcome a dubious reputation earned through its once opaque banking system.
The country of 30,000 people wants to regain ground against stronger rivals such as Luxembourg, Ireland, Switzerland or Liechtenstein, now that proximity and a monetary union with Italy are no longer enough to attract investors.
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