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UAE central bank governor says exchange rate peg with USD is their "continued commitment"

Discussion in 'Fundamental Analysis' started by ForexLive, Nov 16, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Reuters reporting comments from the gov Mubarak Rashid al-Mansouri at a conference in Dubai Central Bank of UAE - immediate impact of US interest rate hike will be "appropriate adjustment" of UAE rates In 1978, the Dirham adopted a fixed exchange rate to the IMF's special drawing rights (SDR). It was then re-pegged to the US Dollar in 1997 at a rate of 1 USD to 3.6725 AED.

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