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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (326744)2/21/2007 3:10:56 AM
From: Elroy  Respond to of 1575841
 
Can you say.....PAY RAISE!

Published: 21/02/2007 12:00 AM (UAE)

UAE and Kuwait may take own path to revaluation
Reuters

gulfnews.com

Dubai: The currencies of Kuwait and the UAE have firmed in recent days as investors bet the two countries will act independently of their Gulf peers to revalue their currencies at an April meeting.

Speculation about a currency revaluation has been growing since UAE Central Bank Governor Sultan Nasser Al Suwaidi told Reuters in January that Gulf Arab central bank governors could decide to keep or change currency pegs at the meeting in Riyadh.

The UAE dirham touched an 11-month high of 3.6700 per dollar late last week and was trading at around 3.6718 per dollar, above its official peg of 3.672 on Monday.

The Kuwaiti dinar touched a 10-week high late last week at 0.28860 per dollar, but eased to 0.28916, back around its peg at 0.28914 per dollar, on Monday.