Thursday 23 May 2013

Qatar Central Bank Still Backs Riyal-Dollar Peg, Governor Says - Bloomberg

"Qatar’s central bank governor said his country hasn’t changed its support for pegging the riyal to the U.S. dollar after Reuters reported that the bank’s director of research urged a more flexible exchange rate.
“He is not reflecting the central bank,” Governor Abdullah Saud Al Thani said in a phone interview, referring to the remarks by research director Khalid Alkhater.
A “more flexible exchange rate” than the dollar peg would be better for managing inflation risks over the next 10 years, Alkhater said in prepared remarks for a conference, according to a Reuters story carried by the Gulf Times."

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