QATAR PERSPECTIVE

The Gulf observes the storm it partly caused. Gulf Times publishes the most macro analysis of the entire pool: Asian currencies are collapsing. The South Korean won, the Indian rupee, the Philippine peso—all falling against the dollar. The cause: petrodollars flow back to the Gulf while Asian importers burn their reserves. Qatar, as an LNG exporter, benefits from the crisis: long-term contracts are signed at record prices. But Doha knows that destabilizing Asia is not in its interest—its largest customers are there.