U.S. green light for the Gulf states to change their currencies to the dollar link

[Bambaboo]

U.S. green light for the Gulf states to change their currencies to the dollar link

26/5/2008

W

ASHINGTON - Agencies

According to the report of the Bank of Merrill Lynch Investment American that the United States already has given the green light for the Arab States in the Gulf to make changes in their exchange rate policies associated with the dollar.

A report entitled "U.S. green light for the Gulf Cooperation Council" that it is possible that linking the UAE and Qatar of their currencies basket of currencies in the coming months to increase their respective work by 5% by the end of the year. But the report pointed at the same time it is not likely to go to Saudi Arabia this approach before late next year.

http://translate.google.com/translat...hl=en&ie=UTF-8

Bambaboo

[Interested Aussie!]

U.S. green light for the Gulf states to change their currencies to the dollar link

26/5/2008

W

ASHINGTON - Agencies

According to the report of the Bank of Merrill Lynch Investment American that the United States already has given the green light for the Arab States in the Gulf to make changes in their exchange rate policies associated with the dollar.

A report entitled "U.S. green light for the Gulf Cooperation Council" that it is possible that linking the UAE and Qatar of their currencies basket of currencies in the coming months to increase their respective work by 5% by the end of the year. But the report pointed at the same time it is not likely to go to Saudi Arabia this approach before late next year.

http://translate.google.com/translat...hl=en&ie=UTF-8

Bambaboo

Dont know what to make of this dose it sound good???

[PAn8tv]

Dont know what to make of this dose it sound good???

I think the U.S. is trying to save face with the status of the falling dollar. By making a gesture of good faith , when things stabilize the GCC will have a more favorable outlook on the dollar. I think it does increase our chances for a higher reval though

[BILLYG]

The US has stood alone om a beach with an incoming tsunami of restlessness in the Arab Money world and it was lead, follow or get out of the way. It appears they chose C

[dinar 4 2]

Link to article is
http://209.85.171.104/translate_c?hl...ews_id%3D94976

Thanks B

[Bowling4Dinar]

U.S. green light for the Gulf states to change their currencies to the dollar link

26/5/2008

W

ASHINGTON - Agencies

According to the report of the Bank of Merrill Lynch Investment American that the United States already has given the green light for the Arab States in the Gulf to make changes in their exchange rate policies associated with the dollar.

A report entitled "U.S. green light for the Gulf Cooperation Council" that it is possible that linking the UAE and Qatar of their currencies basket of currencies in the coming months to increase their respective work by 5% by the end of the year. But the report pointed at the same time it is not likely to go to Saudi Arabia this approach before late next year.

http://translate.google.com/translat...hl=en&ie=UTF-8

Bambaboo

Working on your exchange rate policy SHABS??!!!! Take good notes!!!