http://www.cyrillicpartners.com/2007/11/20/opec-move-wouldnt-budge-dollar/ An Economics Blog by Volha Baranava and Alexander Haislip Thu, 20 Nov 2008 17:24:37 +0000 http://wordpress.org/?v=2.3 http://www.cyrillicpartners.com/2007/11/20/opec-move-wouldnt-budge-dollar/#comment-22 Cyrillic Partners » U.A.E. Considering Dropping Dollar Peg Wed, 28 Nov 2007 01:57:26 +0000 http://www.cyrillicpartners.com/2007/11/20/opec-move-wouldnt-budge-dollar/#comment-22 [...] The move would not be unprecedented. Kuwait dropped its U.S. Dollar peg in May. OPEC is also considering dropping the dollar in favor of a basket of currencies, as we’ve written about earlier this month. The U.A.E.’s move is unlikely to upset the U.S. applecart just as the OPEC move is similarly unlikely to. [...] […] The move would not be unprecedented. Kuwait dropped its U.S. Dollar peg in May. OPEC is also considering dropping the dollar in favor of a basket of currencies, as we’ve written about earlier this month. The U.A.E.’s move is unlikely to upset the U.S. applecart just as the OPEC move is similarly unlikely to. […]

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