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Commodities Briefing - Categorized | Currencies, Market Moves more

Qatar, Saudi, to keep dollar currency pegs

Posted on 08 May 2009

From Gulf-times.com: Qatar, Saudi Arabia and Bahrain officials said yesterday that they see no need to change their more than two-decade-old fixed-exchange rates to the US dollar.

“We are committed to the peg because it serves us well,” Saudi central bank Governor Mohamed al-Jasser said yesterday at an Islamic Financial Services Board conference held in Singapore. The dollar still remains the “dominant” global currency, he said…….Full Article: Source


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