Will Qatar revalue its Currency

logicsays
By logicsays

On the Gulf times today a study proposes that GCC countries can slow inflation by revalueing their currencies by 10% higher against the USD

Do you think the GCC countries will revalue their currencies or depeg from the USD like Kwait did?

By anonymous• 8 Aug 2008 14:06
anonymous

The Kuwait Dinar (1000 fils = 1 KD) was pegged to the US $ in 2003 with the view on a common Gulf currency in 2010 but then pegged to a "currency basket" in May 2007. The change in value was one thousandth ( 239 to 238 fils). (Source: Forbes)

By stealth• 8 Aug 2008 08:25
stealth

well we can keep dreaming.........

By asad696• 6 Aug 2008 20:55
Rating: 5/5
asad696

if u study daily economic page u will find answer if it is true or false. arab countries are going to combine their currency and same visa status as europe has done before the work on this is proceding and 2010 will be the year of announcement.

By vamshal• 6 Aug 2008 20:53
vamshal

Live Life To The Fullest.......................

By lovinni• 6 Aug 2008 20:39
Rating: 4/5
lovinni

too much rumor spreading nowadys, only giving false hopes. this is just one of the issues and the other is sponsorship.

nothing has been done with currency after series of devaluation of USD...

I think I've discovered the secret of life - you just hang around until you get used to it.  ~Charles Schulz

By vamshal• 6 Aug 2008 20:35
Rating: 5/5
vamshal

never going to happen, the gulf countries are under the control of US.. How many people agree with me...

Live Life To The Fullest.......................

By aikon• 6 Aug 2008 20:08
Rating: 5/5
aikon

this rumours already spread since 2 years ago.

and just rumors....never being implemented

open your newspaper...every 6 months there were news like this...

By anonymous• 5 Aug 2008 16:19
anonymous

to make expatriates like us not send money back home lest there be a devaluation...

By dragonfly212• 5 Aug 2008 16:17
dragonfly212

not in the near time i think.

Everybody is right everybody is wrong, it depend where you stand

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