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The meeting came as divisions grow in Europe over the proposed tariffs
KT APPDOWNLOAD
Goal of monetary union 'still realistic'
KUWAIT CITY— The UAE central bank governor Sultan Nasser Al Suweidi said yesterday he was committed to maintaining a peg to the dollar after Kuwait threw Gulf Arab monetary union plans into disarray by abandoning its dollar peg. “We are committed to a decision by Gulf leaders to keep currencies pegged to the dollar at a fixed rate,” Suweidi told reporters in Kuwait.
He said the goal of monetary union was still realistic.
The central bank governor added that imported inflation was only a small part of price pressures in the country.
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