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Dollar peg will stay says Saudi ArabiaSaudi Arabian Monetary Authority (Sama) Governor Ahmad bin Abdulkarim Al-Khulaifi has denied any intention to break the Saudi riyal's peg to the US dollar. The governor made the remarks at a press conferenc More… |
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Gulf sticking to FX peg 'due to poor research'The Gulf's oil-exporting states are reluctant to consider abandoning their currency pegs partly because their central banks' research capabilities are not strong enough to analyse the change, Newsweek quoted a Gulf central banker as sayi More… |
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Bahrain cbank chief vows to keep currency pegBahrain is committed to the peg of its dinar currency against the US dollar, central bank governor Rasheed Mohammed Al-Maraj said on Tuesday. "We will continue the peg," Al-Maraj told an economic conference. He said the More… |
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Saudi charm offensive, faith in peg help marketsSaudi Arabia's financial markets barely blinked on Thursday after its debt was downgraded - a sign that a charm offensive by Saudi economic officials, and determined action against speculators, have bought it time in the eyes of many investo More… |
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Sama chief blames 'unrealistic speculators'Saudi Arabia's central bank governor said on Monday recent volatility on its currency in the forwards market is due to speculation based on unrealistic expectations. The Saudi riyal hit a record low on January 7, amid renewed More… |
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Malaysia rules out ringgit pegMalaysian Prime Minister Najib Razak said on Thursday he would not peg the ringgit to the US dollar or implement capital controls as he sought to calm fears about the sliding currency and capital flight from Southeast Asia's third-largest ec More… |
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Qatar rules out review of currency pegQatar remains fully committed to its currency peg to the US dollar and is not reviewing its currency policy, central bank governor Sheikh Abdullah bin Saud Al-Thani said on Wednesday. "We are fully supporting the peg and will More… |
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UAE may create body to monitor FX pegAn advisory body to the UAE government has suggested that the central bank review the country's currency peg to the US dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future. An More… |
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UAE supports peg; Oman sees no riskThe United Arab Emirates will keep its currency peg to the US dollar even after Standard & Poor's downgraded the world's biggest economy, and Oman sees no risk in investing in US treasuries, officials said on Sunday. Gulf central banke More… |
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Bahraini dinar-dollar peg safe say analystsThe central bank's tight control over the foreign exchange market, and the possibility of other Gulf countries providing financial support, mean there is no threat to Bahraini dinar's peg against the US dollar, analysts said. Bahra More… |
