The Dollar!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
Hey:
I have been reading a lot about how many Gulf countries are thinking of 'pegging the riyal to a basket of currencies'. Does anybody know what this will mean on the ground. Will the riyal improve in relation to the euro (currently at a disastrous 5.4 riyals for one euro!!!). It used to be 4 riyals for one euro. Any input appreciated.
You go ahead an take the pinch of 14 trillion dollar indebtednesses. Unnecessary taxation laws, that only favor the rich, disruption of the social security benefits, Medicare etc, etc.
Investing in US treasury bonds is a good thing, but there is other ways to settle for better and effective cash flow.
The Red Pope of Qatar Living
I can easily say is that Dollar is going down. Countries are just hesitant and once this thing starts it wud b just a matter of time. Why would everyone take the pinch and cover the trade deficit of US by keeping their foreign reserves in Dollars or investing in US treasury bonds.
The art of being wise is to know what to overlook.
http://www.qatarliving.com/node/50260
The Red Pope of Qatar Living
Look at Kuwaiti Dinar..........it has gradually improved. Another aspect is that due to loosing faith in Dollar most economies are now keeping or are planning to keep some portion of their foreign exchange reserves in other curriencies like Euro etc. Therefore I see Euro still going higher in the future.
The art of being wise is to know what to overlook.
against other currencies. But it will be very gradual. It would be economically very unwise to revalue the riyal by more than a few percent at a time. So it may take a year or more to improve significantly against the Euro. What will happen, though, is that the buying power won't deteriorate any further as it is doing now.
*** Light travels faster than sound. That's why most people appear bright until they open their mouths.