Rodent + 1,424 January 5, 2018 Angola drops pegging oil to the dollar in an effort to offset drop in foreign currency reserves. Is this a new trend set to dethrone the dollar? Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV January 5, 2018 Obviously this oil price rise is not enough for Angola which joined a long list of commodity exporters abandoning its currency peg to save its economy from the repercussions from the last oil-price crash. Quote Share this post Link to post Share on other sites
Kate Turlington + 44 KT January 5, 2018 There's also been talk lately (panic, really, and hedge funds hoping to make a killing) that the Saudis or other Gulf states might depeg from the dollar ... I think it's all just hype and panic right now and it's a last resort, but ... it's probably an eventuality. Quote Share this post Link to post Share on other sites