Monday 29 December 2014
 
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Petrodollar

Bahrain cenbank to demand strict rules from banks

Bahrain's central bank will require local lenders it sees as key to the stability of the Gulf country's banking system to take more steps to ensure their soundness, its Governor Rasheed al-Maraj said on Tuesday. The kingdo

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Petrodollar moving away from Western markets

The long-standing support from petrodollars for Western financial markets is gradually waning as oil-rich countries favour recycling their windfall revenues closer to home and away from low-yielding developed economies mired in the debt crisis.

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