In normal economies you are 100% correct, but with Qatar's surplus, they can ride out the cycle till the dollar strengthens again with ease....I fear the US is putting too much pressure on the GCC countries that have it to maintain the peg....but it will be interesting to see.
My personal prediction: no depeg UNLESS you get a commom GCC currency....then it'll be set to a basket of currences....but that is looking less and less likely.
Stay safe all.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?
In normal economies you are 100% correct, but with Qatar's surplus, they can ride out the cycle till the dollar strengthens again with ease....I fear the US is putting too much pressure on the GCC countries that have it to maintain the peg....but it will be interesting to see.
My personal prediction: no depeg UNLESS you get a commom GCC currency....then it'll be set to a basket of currences....but that is looking less and less likely.
Stay safe all.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?