World

Bahrain's finance minister rejects calls to depeg from the US dollar

May 20: Bahrain's finance minister, Sheikh Ahmed al Khalifa, tells Simeon Kerr that pegging the value of Bahrain's currency to the dollar has served the country well and he's in no rush to depeg. Depegging (or revaluing) currencies can help counter inflation which is running around five percent in Bahrain.