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--- QATAR RIYAL VS US DOLAR----
By ataha2 on Wed, 26/03/2008 - 10:24pm
ANY ONE HEAR ABOUT THE INCREAMENT OF QR VALUE VS THE DOLAR?? normal 1 $= 3.65 qr... but we hear that it will be only 2.5 qr... is that true?
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ohbee wan said
if its true then it will be ...if its true then it will be on the newspaper headline :)
- live your life as simple as you are
- money doesn't create man, but it is the man who created money
- don't do what others say, just listen to them, but do what you feel good
The rock said
Thanks for bringing this up ...Thanks for bringing this up dude.
I have been scouting the news-sites for information on this.
Ofcource it will be on the headlines after it's done. But then the chance to make a profit out of it would've gone. So must anticipate now and act.
It does sound quite logical to revaluate the riyal. Dollar has depreciated considerably against other global currencies. This also causes higher inflation in this region. Previously, the GCC states had decided to act in unison on the issue but i guess there was a meeting in Doha in decemeber and it was decided to defer it.
I read today in gulf-times that an alternate to currency revaluation is increasing the oil output by OPEC. This would help ease the pressue on dollar. Does this sound realistic? or is revaluation is just round the corner?
Your comments?
------------------------------------------
Quidquid latine dictum sit, altum sonatur.
xiexie said
the adjustment of qatar ...the adjustment of qatar riyals against the us dollars will come sooner or later, but it will not be that much.
thexonic said
Qatar is moving to pounds ...Qatar is moving to pounds soon... so i guess dollar will fall pretty bad, but hey good for us, we can buy ps3 and xbox360 cheaper lol.
It's always the small things that make big differences.
"Be Like a Flower, Which gives off it's fragrance even to the hand that crushes it"--- Imam Ali (A.S)
harsha said
is it gonna change..??? it ...is it gonna change..??? it shud... and it will be so goooood...
tallg said
This has been discussed lots ...This has been discussed lots and lots already on QL. Do a search to find more.
umhamza said
is it means that EURO will ...is it means that EURO will jump and what about the gold ? did price go up or down ?
dweller said
The pound? ...I would have thought that they would opt for a mixed basket of currency. They have talked about it for years. I can't see them opting for the pound.
Withnail said
QAR ...if Qatar changes it's peg currency it will not be to the pound. kuwait changed it last year to a basket (which was still about half dollar based), and Qatar would do the same if they went that route. doing it to a basket is a much safer route.
ROCK - i don't think increased oil will help all that much - it would help the world economy but not the value of the USD (at least not to the point of bringing it back up to what it was several years ago). the problem for the US is its trade balance deficit. it's basic supply and demand, and with americans buying sooooooooo much from abroad, the market is flooded with dollars. so i don't think this OPEC rumour is true.
I think they will either stick with dollars and revalue, or they will adopt a basket of currencies. nothing else makes as much sense to me than these 2 options.
___________________________________________
"Even a stopped clock gives the right time twice a day." Withnail & I
abuimad said
i read in the newspaper ...i read in the newspaper about 3 weeks ago a huge headline on the first page of all rayya wich read..NO revaluating of the QAR, and NO to breaking the bong with the USD...so that pretty much put an end to that.....