| anxiousape |
| ...Washington based International Monetary Fund (IMF) has given its support to the UAE's commitment to the dollar peg, supporting senior UAE officials... ...UAE officials have referred to the fact that a repegging of the dirham would have a sizable financial cost... ...expatriates - approximately 80% of the total population - who have seen the value of their earnings fall... ...no concern regarding its effect on the country's competitiveness, "especially given improvements in the business climate and the UAE’s access to expatriate labour at competitive wage rates ." Report here |