Browse
related articles
Qatar may drop the dollar peg
- Qatar: Wednesday, January 30 - 2008 at 10:31
Qatar is considering dropping its dollar peg in favor of a basket of currencies or revaluing its riyal among policy options to fight rising inflation, reported Gulf Daily News. As with other Gulf states, Qatar is constrained in its fight against inflation because the dollar peg forces it to track US monetary policy at a time when the Federal Reserve is cutting interest rates.The state, the world's third-biggest holder of natural gas reserves, has slashed its deposit facility rate by 150 basis points in four moves since September 18, tracking the US Federal Reserve, which has reduced rates by 175 basis points. Currently the government is studying several measures to cut inflation.
Also consider reading:
Today's top stories
Week's top stories
Twitter
Facebook
LinkedIn
Digg
Browse
related articles
- » Nakheel commences handover of Marina Residences
- » Alba appoints new Chief Executive
- » Alcatel-Lucent shares four critical determinants for FTTx implementation at FTTH Middle East Conference
- » World tallest hotel, the Rose Rayhaan by Rotana, to open in Dubai
- » New products, world's leading desalination companies headline the exhibition at IDA world congress on Desalination and Water Reuse
Amena Bakr, Senior ReporterWednesday, January 30 - 2008 at 10:31 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds