Relevant:
- The demise of the dollar looms as non-dollar oil trading plans solidify
- Fears of dollar collapse as Saudis take fright
- UAE & Other Gulf Countries Urged to Switch Currency Peg from the Dollar to a Basket That Includes Oil
- Dollar Slumps to Record on China's Plans to Diversify Reserves
- The Reasons Why The Middle Eastern Gulf States May De-Peg From the Dollar
2007-11-19 — bloomberg.com
"When central bankers in the Middle East say they have no plans to end their fixed exchange rates to the dollar, the currency market hears the opposite."
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