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Dollar peg in UAE interest: Shaikh Mohammed
Kaleej Times ^ | June 3 08

Posted on 06/03/2008 1:25:51 PM PDT by camerakid400

DUBAI — His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, yesterday received US Treasury Secretary Henry Paulson.

Shaikh Mohammed and the visiting US official discussed ways of boosting bilateral cooperation in view of the new open markets policy which the US has adopted. Paulson told Shaikh Mohammed that the US would keep its markets open to Arab foreign investments and Sovereign Wealth Funds.

The issue of the dollar pegging was also discussed. The UAE currency, said Shaikh Mohammed, will remain pegged to the dollar as long as it is in the interest of the UAE's national economy. —


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: mohammed; uae

1 posted on 06/03/2008 1:25:51 PM PDT by camerakid400
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To: camerakid400

/mark for later.


2 posted on 06/03/2008 1:27:31 PM PDT by happinesswithoutpeace (You are receiving this broadcast as a dream)
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To: camerakid400
In the short run it'll help - in the long run it's a disaster.

Smoking crack in the short run will make a person happy, in the long run it's ruin.

In the short run charging everything for the wife and kids on 18% credit cards feels good - in the long run it's bankruptcy.

This is nuts.

3 posted on 06/03/2008 1:54:07 PM PDT by GOPJ
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