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GCC currency trading on the rise

Posted on 09 December 2011

ADS Securities, the leading Abu Dhabi-based Forex and Commodities Trading Platform, has seen a dramatic increase in the volume of GCC currencies traded within the region, according to the company’s chief dealer, Peter Laursen.
The main currencies, including the Saudi Riyal, Qatar Riyal, Bahrain Dinar and UAE Dirhams, are all pegged to the US dollar, but global market volatility means that it is now important for companies to trade and manage their currency position within the trading range of these pegged currencies………………………………………..Full Article: Source


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