Twin pressures have beset fleet operators: fresh volatility in the cash flow from civil and commercial projects, whether through cancellation or payment delays, and the novel volatility in fuel prices, as GCC economies
unpeg fuel and reduce subsidies.
Could the GCC
unpeg their currencies from the US dollar?
Speculation in the market increased about whether GCC countries would experience the same scenario, and
unpeg their currencies from the dollar.
Speculation in the market has increased about whether GCC countries would experience the same scenario, and
unpeg their currencies from the dollar.
In January, the Swiss National Bank moved to
unpeg the country's currency from the euro, leading to a sharp revaluation of the Swiss franc.
Foreign exchange broker Alpari UK has entered insolvency after market turmoil over the surprise decision by Switzerland to
unpeg its currency from the euro, Sky News reported on Friday.
Folding Material
Unpeg the pieces of material and fold into the smallest possible squares.
To do this, though, China must
unpeg the yuan and allow full international access for it to become a trusted international form of currency and reserves.
To begin to
unpeg from the dollar would also mean unpegging from full convertibility.
Although some are calling for the GCC states to
unpeg their currencies from the dollar, this would not be easy as oil is priced in dollars, as are many other major commodities around the world.
The EU and the US have both accused China of keeping the renminbi at an artificially low level, and want it to
unpeg it from the dollar.
In his view this is not the right time to
unpeg the Saudi riyal from the US dollar, as there is no alternative currency to replace it at the moment.
