Will the uae abandon its currency peg to the dollar? It is a question that investors, economists, analysts and commentators, amongst others, in the UAE and around the world ask periodically.
But due to droping oil prices – Brent crude oil has tumbled more than 40 per cent since November last year – once again, it’s an issue that is taking centrestage.
Like many oil producers whose currencies are pegged to the dollar, the UAE has been hit considerably by the fall in oil prices over the last year-and-a-half. Details