28 November, 2007

It's not wise to keep savings in US Dollars right now

"A senior official at the National Bank of Abu Dhabi (NBAD), said that the UAE dirham is undervalued. Nazim Fawaz Al Qudsi, Head of the NBAD's Investment Section, predicted in an interview with the Emirates News Agency that the UAE Central Bank will announce revaluation of the UAE dirham against the US dollar, to which it is pegged......."


B.D. said...

So, will there be a run on dollar savings accounts?

rosh said...

dang! it's gonna hurt.

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