IMF says Persian Gulf should consider peg

Persian Gulf countries preparing to establish a single currency should consider pegging to the euro as well as the dollar, according to the International Monetary Fund.

``We're advocating the Gulf states stay with the dollar for now but think seriously about the euro,'' Mohsin Khan, director of the IMF's Middle East and Central Asia department, said in an interview in Dubai with Bloomberg. ``While their oil exports are priced in dollars, a large chunk of imports are now in euros.''

``We'll find

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