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Revaluation possible says UAE
- United Arab Emirates: Sunday, December 16 - 2007 at 08:09
The Governor of the UAE Central Bank Sultan Nasser Al Suwaidi has said that revaluation of domestic currencies within the GCC is still 'an option on the table', reported Reuters citing the Al Hayat newspaper. Al Suwaidi stressed though that the decision not to de-peg from the US dollar was 'final'. Last month, Al Suwaidi said he was under pressure to ditch the weak greenback.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 16 - 2007 at 08:09 UAE local time (GMT+4)
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