Monday, December 3, 2007

Dollar Crash Update: US Dollar No Longer accepted by some in the UAE.

"For many years 1 USD = 3.67 AED. This is a holiday weekend (UAE National Day) and the UAE Central Bank is expected to drop it to 3.5 and at least one exchange was offering only 3.25 yesterday.

Today (Saturday), most places are not accepting any USD... they are worth zero effectively."

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