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Qatar raises need to discuss dollar peg

  • Qatar: Saturday, November 14 - 2009 at 10:43

The economic adviser to the Emir HH Sheikh Hamad bin Khalifa Al Thani Gulf, Dr. Ibrahim Al Ibrahim has said that GCC oil producers should be more willing to discuss the viability of linking their currencies to the weakening US dollar, Reuters has reported. Ibrahim was quoted, saying "I think they should be more prepared to talk about their currency pricing because what we are having now is the dollar sliding and it is having an impact on the price of currencies linked to it."

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