Gulf nations not dead set on linking currency to dollar

06/9/2009 | Forbes

The four Persian Gulf countries working to create a regional monetary union might reconsider at some point its decision to peg its currency to the U.S. dollar, said Abdul-Rahman al-Attiyah, secretary general of the Gulf Cooperation Council. "I don't know if that will continue in the future, but for now the fix is to the dollar," he said.

View Full Article in:


Published in Brief: