No policy shift for currency, says UAE governor

Investors expecting the dollar-pegged dirhan to appreciate received a strong message yesterday from the governor of the United Arab Emirates central bank, Sultan Nasser Al Suwaidi, who said "We rule out any change for the forseeable future".

Al Suwedi emphasised the importance of the peg as a stability anchor which has contributed to the success of the UAE's economy. The dirhan exchange rate has been fixed at 3.67275 to the dollar for twenty years.

The UAE, Kuwait, Saudi Arabia, Qatar and Ba