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Sat. AM KTFA News Articles 4-16-22

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KTFA Samson » April 16th, 2022 Pegging Gulf currencies to the dollar… How to survive wars and oil shocks? 14th April, 2022 Bloomberg” agency explained the secret of the Gulf’s peg to the dollar not being affected by wars and oil shocks, warning that the dollar’s status as an international reserve currency will be eroded from its foundation if the Gulf Cooperation Council countries loosen their peg to the dollar Gulf  states have pegged their currencies to the US dollar for decades. The reason is that this step reduces the foreign exchange rate risks of the countries of the region because a…

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