The dirham's peg to the dollar will continue to serve the UAE economy well in terms of foreign investment inflows and other benefits, Dubai Economic Council Chairman Juma Al Majid said on Tuesday.
He also suggested that it is not yet the "right time or environment" to go ahead with a single currency for the six Gulf Cooperation Council countries.
One of the main factors responsible for making Dubai a hub for international investment, which led to the economic boom, is the dirham's peg to the US dollar, Al Majid said.
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