Bahrain central bank to keep peg with US dollar

25/01/2016 Argaam

Bahrain will keep its dinar pegged to the US dollar at 0.376, despite pressures in the foreign exchange forwards market and low oil prices, Reuters reported.

 

"The peg will remain," Ebtisam al-Arrayed, head of regulatory policy at the central bank told Reuters on the sidelines of a conference.

 

On Monday, one-year dollar/dinar forwards hit a high of 600 points, reaching their highest level in 16 years, Reuters reported.

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