hey all, I am currently working in Dubai and seem to be saving money up for the first time in my life! woohoo
anyway, i want to know whether i should convert it to pounds in the summer or should i hang fire and wait for the exchange rate to be more accommodating? I hear (i am an economics numpty so be gentle with me) that the AED is tied to the dollar thereby making it extremely weak at the moment, why is this? and is there any chance they ditch this arrangement in the near future (say next 2 or 3 years)
any advice and observations about the economy in the UAE would be appreciated as well
Many thanks
Botty