Pay cuts and deflation would sweep across Hong Kong if the peg to the US dollar was abandoned and switched to the yuan, Hong Kong Monetary Authority chief executive Norman Chan Tak-lam said. "If the ...
Kuwait dropped its peg to dollar and linked the dinar to a basket of currencies on May 19, saying the US currency's slide on global markets was fuelling inflation by making some imports more expensive ...
Dr Roland McDonald, professor of economics, University of Glasgow, the UK, recommends that the UAE should move towards a more flexible exchange rate in a gradual way. He is among those monetary ...
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