According to officials, the United Arab Emirates will keep its currency, the dirham, pegged to the US dollar despite the S&P's downgrade of the world's biggest economy. Oman also sees no risks in investing in US treasuries. Gulf central bankers were holding separate meetings on Sunday to discuss the repercussions of the US credit rating downgrade, sources said.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www.albawaba.com/main-headlines/uae-keep-currency-pegged-us-dollar-387855
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