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
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 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