Arab countries in the Persian Gulf are planning disengage Baldola

Arab countries in the Persian Gulf are planning disengage Baldola

According to Alalam.ir Website : To the said Monica Malik, senior economist at the Bank of EZE EFG Hermes EFG-Hermes investment in Dubai 'to link the work of a well in the past in light of a strong dollar, which helped the economies of the Gulf Cooperation Council, and helped to keep inflation lowBut the case will not be the case if the outlook for the U.S. dollar is weak''She said if I moved the GCC countries in the Persian Gulf to a more flexible currency policy, it will increase the independence of monetaryThe new reduced credit rating of the United States, a debate broke out in 2008, when these countries defied speculation that they would abandon their dollar pegs, after the rising levels of inflation to double digits across the regionKuwait was the first Gulf state to loosen the peg to the dollar in 2007, when it turned into a peg to a basket of different currencies, despite the preponderance of dollar strength in that basket, analysts sayHowever, analysts have returned to discuss the issue of the links in dollars, but most believe that it is not likely break the links in the short termMonica Malik, and expects, for example, to continue the link at least two yearsThe Kuwait Finance House said in a report the International published in the last week:''There is no doubt that the reduction in the degree of U.S. debt will increase the pressure towards the break to link the countries of the GCC currencies from the dollar to contain inflationary pressures in the regionHowever, this decision is difficult to take, is the decision to include other important factors you need to study''Hastened by the Governments of UAE and Bahrain, to the exclusion of any speculation about the possibility of the dollar AptaadahmaThe UAE Central Bank said at the end of last month:''The link between UAE dirham U.S. dollar is consistent.''Bahrain followed the same approach this week, adding that its central bank was working on plans to reduce the risk of fluctuations in relation to the commercial sector, according to local mediaSaudi Arabia is one of the four countries in the Persian Gulf (the other three are Kuwait, Bahrain, and Qatar) is working to establish a common currencyAnd still on the four countries to decide whether they will link this currency to the dollar ...
Original Text At Alalam.ir