Middle East & North Africa Economics

Middle East Economics Update

23 November, 2017

Gulf dollar pegs well placed to weather geopolitical risks

The escalation of tensions between Saudi Arabia and Iran has raised fresh concerns about the region’s dollar pegs. While a devaluation in Lebanon is not out of the question, there are good reasons to think that dollar pegs in the Gulf will remain intact. Ironically, the geopolitics-fuelled jump in oil prices will help to counter the impact of any bout of capital flight.

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