Oil and other petro related products could be exported out of the Gulf at cheap rates to US and other European countries. Secondly, US is super power; None of these countries have guts to remove this peg even at this stage and everybody is very well aware of US$ depreciated by over 20%. Kuwait has recently unpegged to US$.
Amazing u don't know y QAR is pegged with US$;
Oil and other petro related products could be exported out of the Gulf at cheap rates to US and other European countries. Secondly, US is super power; None of these countries have guts to remove this peg even at this stage and everybody is very well aware of US$ depreciated by over 20%. Kuwait has recently unpegged to US$.