With the Federal Reserve providing extraordinary stimulus to get the economy growing again and the European Central Bank offering to buy bonds to limit the damage from the euro zone debt crisis, Qatar Prime Minister Sheikh Hamad Bin Jassim Bin Jabr al-Thani said in a CNBC interview he’s worried about what it will mean for the value of the two major global currencies.
“I believe the value of money is diminishing,” the prime minister told CNBC’s “Closing Bell.” He said that without a comprehensive strategy to deal with the problems in the U.S. and Europe the value of the dollar and euro will decline.
Dealing with the issues piecemeal also has created anxiety for investors like the Qatar Investment Authority (QIA), al-Thani said.
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