We have predicted since 2015 and debated it many a times that UAE (and Saudi) do not have a choice but need to depeg or repeg their currencies during or after 2018.
Many economists, media commentators, businessmen and others have debated with us that it can not happen.
But we have remained stedfast in our views because we know how bankrupt both UAE and Saudi have become after the longest, continuous and most sustained decline in the price of oil since 2014, in history.
Trump came to Saudi that resulted in the arrest of thousands of royal family members in Saudi and curtailment of their powers and taking away almost all their wealth.
Now, for the very first time, a media article has appeared on 30 Mar 2019 on a quiet Saturday afternoon in Gulf News which is a Govt mouthpiece targeted in particular to the expats suggesting that UAE may need to depeg their currency, the dirham, from the USD.