The document discusses the economic rationale and challenges of maintaining currency pegs in the Gulf region, particularly focusing on Saudi Arabia, Oman, and Bahrain. It highlights the fiscal consolidation efforts by Saudi Arabia to maintain its peg, the vulnerabilities of Oman and Bahrain due to their economic conditions, and the relative safety of the UAE peg. The document also provides recommendations for currency trading strategies based on forward points.
documents/vol00010-efta01459710-pdf.pdf
{"title":"FX Blueprint: Forever Young","key_people":["Melhem Melhem","Aleksander Stojanovski","Oliver Massetti","Daniel Brehon"],"document_date":"2016-01-12","document_type":"correspondence","key_locations":["Saudi Arabia","Oman","Bahrain","UAE","Qatar"],"key_organizations":["Deutsche Bank","IMF","Bloomberg Finance LP"],"reference_numbers":["DB-SDNY-0120348","SDNY_GM_00266532","EFTA01459710"]}