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Thursday, May 25, 2006

How Much Longer Can the Dollar Reign Supreme?:

Gulf nations, in particular the UAE and Qatar, are said to be suffering inflationary pressures due to the weakened dollar and there is discussion as to whether the dirham and the riyal should be released from their longtime hinge to the greenback. Some economists are making the case for Gulf currencies to be linked to a basket of foreign currencies instead.

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