As the Finance Minister of Qatar clearly said a week or so back that dollar pegging enables Qatar to get better prices in the International market, which obviously wouldn't be possible if they were unpegged.
True, dollar has been hitting one low after the other (especially after the latest sanctions against Iran) in the last year or so. But it's easy for us on QL to sit and comment, am sure those guys know whats good for Qatar's economy and won't obviously be foolish not to foresee a bad scenario.
Speaking of Riyal to Rupee conversion, well isn't it good that Indian Rupee is growing stronger by the day against the Dollar? Speaks a lot for strong econonic times ahead, I guess. If you feel the Indian economy is vibrant enough and the price that you're getting paid to live in Qatar is not sufficient to stay away from home, you're always free to go and seek greener pastures there.
Cheers!
----------------------------------------- 2200 QL Points!!!
Yay! Way to go Ray!
----------------------------------------- www.e4u.name.qa
Good morning buddy.
As the Finance Minister of Qatar clearly said a week or so back that dollar pegging enables Qatar to get better prices in the International market, which obviously wouldn't be possible if they were unpegged.
True, dollar has been hitting one low after the other (especially after the latest sanctions against Iran) in the last year or so. But it's easy for us on QL to sit and comment, am sure those guys know whats good for Qatar's economy and won't obviously be foolish not to foresee a bad scenario.
Speaking of Riyal to Rupee conversion, well isn't it good that Indian Rupee is growing stronger by the day against the Dollar? Speaks a lot for strong econonic times ahead, I guess. If you feel the Indian economy is vibrant enough and the price that you're getting paid to live in Qatar is not sufficient to stay away from home, you're always free to go and seek greener pastures there.
Cheers!
-----------------------------------------
2200 QL Points!!!
Yay! Way to go Ray!
-----------------------------------------
www.e4u.name.qa