You may be right Amnesia....mainting the peg is more harmful than helpful...but the pressure on the Qatari Government from the US can influence them to ignore it for now...Qatar is fine and have a MAJOR budgetary surplus.
I also heard that Kuwait was the ONLY gulf state removing the peg and that ALL the others still tow the American line. Also, there was talk of a common gulf currency, which seems to have collapsed with Kuwait's move to revalue its currency.
Stay safe all.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?
You may be right Amnesia....mainting the peg is more harmful than helpful...but the pressure on the Qatari Government from the US can influence them to ignore it for now...Qatar is fine and have a MAJOR budgetary surplus.
I also heard that Kuwait was the ONLY gulf state removing the peg and that ALL the others still tow the American line. Also, there was talk of a common gulf currency, which seems to have collapsed with Kuwait's move to revalue its currency.
Stay safe all.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?