VOL. XLVII

No 17

26-April-2004

REGIONAL BANKING

Impact Of Weak Dollar Has Broad Impact On Middle East

The 35% appreciation of the euro against the dollar since its peak in 2000 has been felt in most Middle East economies, according to Jordan Invests Weekly Review and Analysis. The prices of most European imports have increased in local markets and this will begin to show in the inflation figures for this year, the newsletter said. The dollar lost 5% of its value against the euro in 2002 and a...