Browse related articlesGCC single currency dollar pegged
Qatar: Sunday, April 06 - 2008 at 08:07
Qatar has said that the planned GCC single currency from 2010 will be dollar pegged. According to Bloomberg, the region's central banks are meeting to discuss harmonising financial regulations, bank payment systems and how to meet the 2010 deadline, but not the much criticised dollar peg. The dollar has slide 20% in value over the last two years and there has been mounting pressure from economists and businesses for a one-off revaluation.
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StaffSunday, April 06 - 2008 at 08:07 UAE local time (GMT+4)
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