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Despite coming under pressure to lift the dollar peg, because it has lost about 40 per cent of its value, the GCC countries have so far refrained, due to the "political string" attached to that decision.
But Maratheftis believes an increase in the supply of goods would help relieve inflationary pressures. 'One definition of inflation is when too much money chases too few goods, so the increase of supply will help, but at the same time something needs to be done about the currency.'
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Qatar not affected by US economy drop
But Maratheftis believes an increase in the supply of goods would help relieve inflationary pressures. 'One definition of inflation is when too much money chases too few goods, so the increase of supply will help, but at the same time something needs to be done about the currency.'
See also:
Qatar not affected by US economy drop
Amena Bakr, Senior Reporter
