July 28, 2022

Inflation raises old debate on currencies being pegged to dollar

Featuring: Rachel Ziemba

Source: Arabian Gulf Business Insight

Journalist: Shane McGinley

"Regional authorities are not ready to give up the predictability of pegging to the dollar until they are willing to move to a basket peg.

Not that depegging would be a panacea. The increase in rates is global and it’s likely that local economies would need to take some tightening measures.

A more market/external, balance-based currency would tend to move with oil prices and would also likely have appreciated."

Read the full story and more from AGBI.

Author

  • Rachel Ziemba

    Adjunct Senior Fellow, Energy, Economics, & Security Program

    Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...