as I remember, the Kuwaiti dinar was always linked to a 'basket' of currencies...which explained why it was worth more than the Saudi Rial. They only tried the dollar peg to fit in with the mooted "common GCC currency" [ inshállah!] .
De-linked from the dollar, the Qatari Rial would rise against the Pound and Euro, against which it is being held down by the weakness of the American economy, and its poor balance of payments, war expenses, etc.
as I remember, the Kuwaiti dinar was always linked to a 'basket' of currencies...which explained why it was worth more than the Saudi Rial. They only tried the dollar peg to fit in with the mooted "common GCC currency" [ inshállah!] .
De-linked from the dollar, the Qatari Rial would rise against the Pound and Euro, against which it is being held down by the weakness of the American economy, and its poor balance of payments, war expenses, etc.