PPRuNe Forums - View Single Post - De value of the Dirham
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Old 2nd September 2015 | 16:07
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Trader
 
Joined: Apr 1999
Posts: 655
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From: South of North
Maybe they devalue...maybe they don't.

But no country EVER telegraphs a currency change when they are pegged, or, if they have intervened to keep their currency within a range. They don't do so because the speculators step in and make their job even more difficult.

So the gov't here will ALWAYS claim that there will be no changes.

I'll play it safe and keep my money in US dollars (or other currency) since there is NO risk. If I hold US dollars and the peg holds then nothing changes. If they change the peg or go floating I am not at risk either. If I hold dirhams I am at risk.

Therefore, the obvious choice should be to hold in US dollars (or other).

Last edited by Trader; 2nd September 2015 at 19:58.
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