Gulf States May End Dollar Pegs, Kuwait Minister SaysQuicklink submitted by Sheila Samples Permalink
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|Gulf states are considering dropping their pegs to the dollar after the U.S. currency's decline stoked inflation across the region, Kuwaiti Finance Minister Mustafa al-Shimali said. The idea of dropping the peg "has been started by other Gulf countries and they are partially going this way because the dollar has been going down for some time," al-Shimali said.|
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