Showing posts with label Money Wise. Show all posts
Showing posts with label Money Wise. Show all posts

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......."