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Politics : Foreign Affairs Discussion Group
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To: Bilow who wrote (197083)8/13/2006 4:24:46 AM
From: Elroy  Read Replies (1) of 281500
 
Basically, if you export lots and lots of oil (or gold, or leather, or whatever) then it makes your currency very valuable,

Most of the ME Gulf states that export oil have a fixed exchange rate with the US dollar, so the problem becomes inflation inside the country, not appreciation of the currency.
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