Middle East Economic Survey

VOL. LIII

No 46

15-Nov-2010

MEES Agenda

GCC Keeps Wary Eye On Currency War

The currency war brewing between the US and China took center stage at the G20 summit that began in Seoul last week. It was being carefully monitored by the GCCs policymakers, given its important implications for their currencies, which are pegged to the US dollar (the exception is the Kuwaiti dinar which is pegged to a dollar-weighted currency basket). The dollars recent slide against...