LESSON 5

The UAE

The UAE dirham is pegged to the US dollar, which means that the exchange rate between the two currencies remains constant. Being pegged to the dollar makes the UAE economy less vulnerable to fluctuating prices for goods such as oil. Because the USA has an enormous economy and purchases many natural resources from the UAE, the value of these exports remains constant to the UAE.  This protects the economy of the UAE from changes in the cost of oil and other exports.

OTHER COURSES
OTHER LESSONS

LESSON 1

Global Trade

LESSON 2

Price Changes

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