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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: