sovereign decision

THE GCC summit, which concluded in Doha yesterday, has not taken a decision to drop the dollar peg, but it is for each member state to take appropriate steps to safeguard their currencies, the Prime Minister and Foreign Minister HE Sheikh Hamad bin Jassim bin Jabor al-Thani has said. Talking to reporters after the conclusion of the two-day summit, HE Sheikh Hamad stressed that de-pegging from the dollar was a “sovereign decision” for each country to take.