Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on February 28, 2008

Bookmark and Share

UAE rejects advice to de-peg from dollar


DUBAI – The United Arab Emirates will not de-peg its currency from the flagging US dollar, the central bank governor was quoted as saying in remarks published on Thursday. His comments came after former US Federal Reserve chairman Alan Greenspan advised oil-rich Gulf Arab states whose currencies are pegged to the dollar to float their currencies as a means to curb inflation.





The peg



Leave a Reply

Your email address will not be published. Required fields are marked *