GCC should drop dollar peg: Fed adviser

A prominent US economist with Federal Reserve experience has said it makes sense for Gulf states to abandon their dollar pegs.

Jeffrey Frankel - a Harvard professor who also works as an advisor to the New York and Boston Federal Reserves- writes on Vox, an economics blog, that Gulf States with dollar pegs should shift to a basket peg which includes the price of oil.

"The possibility that some Gulf states, particularly the UAE, might abandon their long-time pegs to the dollar is getting increa

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: