Wednesday 14 October 2015
currency peg

Swiss currency move stuns world markets

The Swiss National Bank shocked markets on Tuesday by setting a minimum exchange rate for the Swiss franc against the euro, in a move which sent European shares and the price of gold down. The SNB exchange rate cap move disc


StanChart backs call to drop dollar peg

Standard Chartered Bank has backed a suggestion by Dubai International Financial Centre (DIFC) that GCC countries should drop their currency peg and tackle inflation. DIFC made its suggestions in a report on progress towards GCC monetary u


Bahrain 'may opt for riyal peg'

Bahrain may choose to fix its dinar to the Saudi Arabian currency if other Gulf countries decide to abandon dollar pegs, a report said. Oman could keep its rial pegged to the tumbling US dollar, Citigroup was quoted as saying by Gulf Daily

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