RogerL
08-11-2004, 12:17 PM
I found an interesting chart about various currencies around the world and what their currencies are pegged to. A comment in another thread about a consistent Bahrainian currency made me think of this.
In the chart, Bahrain is pegged to a currency basket called the SDR (Special Drawing Rights), a basket of major currencies used by the IMF for their internal accounting.
SDR: 44% USD, 31% Euro, 14% Yen, 11% British £
Kuwait uses a basket made up of the USD, British £, and the Euro.
The chart is at: Chart on Currency Pegs (http://www.mof.go.jp/english/if/e1b064c3.htm)
In the chart, Bahrain is pegged to a currency basket called the SDR (Special Drawing Rights), a basket of major currencies used by the IMF for their internal accounting.
SDR: 44% USD, 31% Euro, 14% Yen, 11% British £
Kuwait uses a basket made up of the USD, British £, and the Euro.
The chart is at: Chart on Currency Pegs (http://www.mof.go.jp/english/if/e1b064c3.htm)