Monday 2 March 2015

Central Bank chief says UAE benefiting from strong dollar | The National

Central Bank chief says UAE benefiting from strong dollar | The National:



"The UAE is benefiting from the strong US dollar, and the UAE dirham’s peg to the dollar has been very helpful to the economy, the central bank chief Mubarak Al Mansouri said on Monday.



“The strong dollar helps the UAE. We have benefited a lot from the link to the dollar,” Mr Al Mansouri said at a business conference.



He was speaking after a senior Qatari central bank official, director of research and monetary policy Khalid Alkhater, said last month that Arabian Gulf economies should rethink their monetary policies and the long-term sustainability of their dollar pegs."



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