DUBAI (Reuters) - Merrill Lynch & Co said the United States has effectively given Gulf Arab oil producers the go ahead for making changes to their dollar-pegged foreign exchange policies, by recognizing inflation as a problem.
http://www.reuters.com/article/business ... sinessNews
A friend forwarded me this link and ruined my night. So much for hoping and wanting the dollar to appreciate against the gbp and euro. Is this is the end of the greenback?
This should be a good news for Somali owned businesses operating in Dubai.
I hope and pray its a mere speculation. Insha Allah
Merrill Lynch sees U.S. giving nod for Gulf FX change...Damn
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This General Forum is for general discussions from daily chitchat to more serious discussions among Somalinet Forums members. Please do not use it as your Personal Message center (PM). If you want to contact a particular person or a group of people, please use the PM feature. If you want to contact the moderators, pls PM them. If you insist leaving a public message for the mods or other members, it will be deleted.
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