To peg or not to peg means more questions
By Eckart Woertz
Commentary by
Saturday, May 26, 2007
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With Kuwait's decision to peg its currency to a currency basket instead of the dollar exclusively, questions about the future of Gulf Cooperation Council monetary policies have come to the fore once again - how can inflation be contained, how can oil savings be preserved for future generations, and how can a unified GCC currency become a reality?
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