MANAMA: Currency pegs across the GCC remain resilient despite the drop in oil prices, said an industry expert, noting that while the region’s reserves will allow countries to withstand pressures on the peg, diversification and reforms are crucial.
Dr Paul Wetterwald, chief economist at Indosuez Wealth Management, the global wealth management business line of Crédit Agricole Group, was commenting on the company’s Macro Comment report .