28 December, 2006

UAE makes Wonkette


1 comment:

your man in al ain said...

can i ask a stupid question, please:

the bloomberg article says the UAE already has 2% euros, but the dirham is pegged to the $ anyways. Will that necessarily change when the euro is up to 10% ? Will that then mean the currency will be 90% USD and 10% EURO driven? Or can they peg it to the $ anyways?

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