PPRuNe Forums - View Single Post - UAE Dirham to Dollar Peg
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Old 9th Jun 2007, 03:32
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AirNoServicesAustralia
 
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Like everyone I do really hope that the UAE does either revalue the currency, or completely unpeg the currency. My only difference to you other guys is, I am keeping my savings here in the UAE, and trying the best I can to use this bad situation to my advantage. I know as earlier guys have said it is a risk, but there are opportunities to be had here considering the booming economy right now, and given a bit of common sense, I think you can do well by keeping your money in Dirhams right now.

As I said you might all tell me I told you so in a year or two, but so far so good. Each to their own but I just wanted to present a different alternative to the "get the money out of here whatever the cost" line of thinking.

Of course Funky you could just spend all the money here, and have a good time doing it!
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