"the dirham will still remain pegged to the dollar"
But at what rate? 3.68 is at the whim of the UAE central bank. IMHO, it depends mostly on the Saudis. If they are unable to defend the Riyal peg against the traders who make bets otherwise it will come under the greatest pressure. With oil at $40 there are far less USD flowing in while many Riyals are going out on social welfare and the situation in Yemen. If the Saudis devalue other GCC countries will likely soon follow.
By no means a certainty but something to factor into your financial planning.
Last edited by Tube Rider; 5th Sep 2015 at 14:12.