Qatar to keep riyal pegged to dollar

Abdullah al-Thani, the governor of the Qatar Central Bank, said that the riyal would remain pegged to the US dollar on Tuesday.

Al-Thani's announcement follows Kuwait's and Syria's decisions to abandon the dollar peg earlier this year, which have led to speculation that other Middle Eastern economies would follow suit.

Kuwait decided in May to shift to a basket of currencies after the fall in the dollar's value led to inflation. Syria decided in June to replace the dollar peg with links to the