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united arab emirates dirham.

Could the Dubai debacle trigger a Dirham devaluation?

Highly unlikely, is the sensible answer.

The UAE dirham, which has been pegged to the US dollar at a rate of  3.6725 since 1997, has the full faith and wallet of the state of Abu Dhabi behind it.

With Abu Dhabi estimated to have billions of dollars of foreign currency reserves, More…