US gives approval for GCC to drop dollar pegs, Merrill Lynch
- Published: 26 May 2008 09:58
- Author:Matthew Martin | More by this Author
- Last Updated: 26 May 2008 12:48
The US treasury's positive outlook for the dollar and recognition of the inflation problem in the GCC, have effectively given regional governments a green-light to drop the dollar peg and track a basket of currencies, according to a report from US investment bank Merrill Lynch.
The US treasury's positive outlook for the dollar and recognition of the inflation problem in the GCC, have effectively given regional governments a green-light to drop the dollar peg and track a basket of currencies, according to a report from US investment bank Merrill Lynch.
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