| 29.06.2009 - Arab Monetary Fund questions dollar peg |
| From Maktoob.com: The United States' huge debt and moves by Russia and China to start considering another reserve currency could drag on the U.S. dollar, the head of the Arab Monetary Fund told news agency Reuters on Sunday. Jassem al-Mannai, director general of the Abu Dhabi-based AMF, also said there was no threat of contagion from troubled Saudi family conglomerates Saad Group and Ahmad Hamad Al-Gosaibi and Brothers Co (AHAB), which are restructuring debt........Full Article: Source |