The UAE should consider a fresh monetary policy, reducing its link with the US currency that has been declining in value.
As a result, the UAE and other Gulf currencies that are pegged to the dollar are losing value.
The UAE, the Arab world's second biggest economy, is part of the six-member Gulf Cooperation Council. It was also part of a planned monetary union till May this year when it walked away over a dispute. The move frees up its monetary policy from certain obligations.
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