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UAE keeps dollar peg
- United Arab Emirates: Saturday, June 09 - 2007 at 07:42
The Governor of the UAE Central Bank Nasser Al Suwaidi has ruled out any change in the dirham's peg against the weak US dollar in the immediate future, describing the exchange policy as a 'stability anchor', reported Gulf News. He added that Kuwait's decision to ditch its own dollar peg last month was accepted across the GCC and had been its own entitlement.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, June 09 - 2007 at 07:42 UAE local time (GMT+4)
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