Paulson: Gulf dollar peg is sovereign issue
Posted by Editor on May 31, 2008 at 01:53 PM
AFP reports that, “US Treasury Secretary Henry Paulson said on Saturday that the link of Gulf currencies to the dollar is a sovereign matter, as he started a Gulf tour in the Red Sea city of Jeddah.”
The article adds that SPA reported him as saying at a press conference with his Saudi counterpart, Ibrahim al-Assaf (Minister of Finance and National Economy of the Kingdom of Saudi Arabia), that, “The (future of the) link between these currencies and the dollar rests in the hands of these governments.”