Tuesday, February 05, 2008

Revalue of QR???

I've highlighted about this before in this entry... de-peg??? Revalue??? but until now... no news about it...

However, in today's newspaper... ada some hint on it... :-)

UAE likely to revalue currency: Report Tuesday, February 05, 2008

DUBAI • The United Arab Emirates is likely to revalue its currency against the flagging dollar in a bid to bring down inflation and meet criteria for a single Gulf currency, an industry report said yesterday.

It is "most likely that the UAE central bank will revalue the dirham against the US dollar in line with other GCC currencies," the Dubai Chamber of Commerce and Industry (DCCI) said.

hmm.. if UAE do it, there's more possibility Qatar will follow... i really hope for it!!! oooh if you wanna read the news, click here... peninsula

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