Officials from the UAE and Oman spoke in support of the US dollar yesterday.
A senior UAE Central Bank official reaffirmed the country's stance on keeping the dirham's peg to the dollar intact.
Monday, 8 August 2011
gulfnews : GCC states to stick with US dollar
The Gulf Cooperation Council (GCC) states, except for Kuwait, which keep their currencies pegged to the US dollar and are major buyers of US government debt will likely maintain the status quo for the foreseeable future despite a downgrade of the world's largest economy by credit ratings agency Standard & Poor's (S&P) on Friday.
Officials from the UAE and Oman spoke in support of the US dollar yesterday.
A senior UAE Central Bank official reaffirmed the country's stance on keeping the dirham's peg to the dollar intact.
Officials from the UAE and Oman spoke in support of the US dollar yesterday.
A senior UAE Central Bank official reaffirmed the country's stance on keeping the dirham's peg to the dollar intact.
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