Gulf In Focus - UAE Dirham will maintain its supremacy.

As the UAE economy grew over the years, the UAE dirham has also emerged stronger against subcontinent currencies as well as other major countries' units in the last 10 years due to a host of internal as well as external factors.

Analysts say that, going forward, the UAE dirham will gain against most of the subcontinent currencies while the US dollar will remain the world's dominant currency and maintains its influence in the world economy over the next 10 years. While some other major currencies such as the Chinese yuan, the Indian rupee and the Russian rouble will also gain more influence as their economies will grow bigger in size.

Since the dirham is pegged to the dollar, hence, any movement in greenback directly reflects in the UAE currency.

Over the last...