 |
Bahrain vows to keep currency pegged to US dollarThe Central Bank of Bahrain (CBB) said in a statement that it is committed to keeping its currency pegged to the US dollar set at 0.37608 and has no plans to alter the Bahraini dinar's value. The CBB has confirmed maintaining More… |
 |
Saudi could buckle under oil shock, investors warnSaudi Arabia faces a crisis in the next three to five years if oil prices remain low and the country still has big budget deficits and a rigid, pegged currency, participants in the Reuters Global Investment Outlook Summit said on Tuesday. More… |
|
Saudi could buckle under oil shock, investors warnSaudi Arabia faces a crisis in the next three to five years if oil prices remain low and the country still has big budget deficits and a rigid, pegged currency, participants in the Reuters Global Investment Outlook Summit said on Tuesday. More… |
 |
Swiss currency move stuns world marketsThe Swiss National Bank shocked markets on Tuesday by setting a minimum exchange rate for the Swiss franc against the euro, in a move which sent European shares and the price of gold down. The SNB exchange rate cap move disc More… |
 |
StanChart backs call to drop dollar pegStandard Chartered Bank has backed a suggestion by Dubai International Financial Centre (DIFC) that GCC countries should drop their currency peg and tackle inflation. DIFC made its suggestions in a report on progress towards GCC monetary u More… |
 |
Bahrain 'may opt for riyal peg'Bahrain may choose to fix its dinar to the Saudi Arabian currency if other Gulf countries decide to abandon dollar pegs, a report said. Oman could keep its rial pegged to the tumbling US dollar, Citigroup was quoted as saying by Gulf Daily More… |
