Betting against the Saudi currency: The world’s reserve currency of choice, used heavily if not almost exclusively in for Middle Eastern oil trading, is in short supply, says a leading regional bank, as a change in the regional currency peg could benefit hedge funds.
National Bank of Abu Dhabi says "there is a dollar shortage"
Alex Thursby, CEO of the National Bank of Abu Dhabi PJSC, the United Arab Emirates’ largest bank, says “there is a dollar shortage” amid liquidity tightening in the region ravaged by lower oil prices.
“It’s not a crisis, but it is tightening,” Thursby was quoted as saying in a
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