What would happen to Dubai if the US dollar collapsed overnight and became worthless?

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In this episode, Eugen Zimbelmann shows you what could happen to Dubai, the UAE dirham and your property if the US dollar falls sharply. You’ll learn why the dirham has been firmly pegged to the dollar for decades, how this relationship works and why the UAE continues to maintain it despite global central-bank gold purchases and its BRICS membership. The video also explores what different dollar scenarios could mean for Dubai’s property market and for wealth held in euros, pounds or other currencies. If you already invest in Dubai or are considering it, this video will help you better understand the risks and opportunities created by the dollar peg. Let’s get started.

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