The report discusses the pressure on Middle Eastern governments' foreign exchange reserves due to low oil prices and strong dollar pegs. It highlights the economic challenges faced by Saudi Arabia and the UAE in maintaining their currency pegs amidst falling reserves and increased public spending. The report suggests that unless oil prices rise significantly, OPEC countries will continue to deplete their reserves.
documents/vol00010-efta01458290-pdf.pdf
{"title":"Special Report: The treat Accumulation' Is Over: FX Reserves Have Peaked","key_people":["Robert Burgess"],"document_date":"2015-09-01","document_type":"other","key_locations":["Saudi Arabia","UAE"],"key_organizations":["Deutsche Bank","OPEC","SAMA"],"reference_numbers":["DB-SDNY-0118144","SDNY_GM_00264328","EFTA01458290"]}