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

    Sep 2, 2015
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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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