Because currencies in the Gulf Co-operation Council region including Saudi Arabia , the U.A.E. , Qatar , Bahrain and Oman are pegged to the dollar , their exchange rates also decline . Inflation rises across region with highest levels in Qatar and the U.A.E . The U.S. dollar index. As prices rise , debate intensifies about the region 's currency pegs to the dollar .
Inflation rises across region with highest levels in Qatar and the U.A.E . The U.S. dollar index. As prices rise , debate intensifies about the region 's currency pegs to the dollar .