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Gulf must review dollar peg says UAE minister

Posted on 03 December 2010

From Tradearabia.com: Gulf countries should discuss whether to shift their currency peg to a basket of international currencies instead of the dollar, the economy minister of the UAE was quoted as saying on Thursday.
Gulf officials have previously denied any risks to pegs in the region, which relies heavily on imports, as a result of the weak US currency……………………………………….Full Article: Source

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