DUBAI (Reuters) - Merrill Lynch & Co said the United States has effectively given Gulf Arab oil producers the go ahead for making changes to their dollar-pegged foreign exchange policies, by recognizing inflation as a problem.
http://www.reuters.com/article/business ... sinessNews
A friend forwarded me this link and ruined my night. So much for hoping and wanting the dollar to appreciate against the gbp and euro. Is this is the end of the greenback?
This should be a good news for Somali owned businesses operating in Dubai.
I hope and pray its a mere speculation. Insha Allah
