Gulf currencies pegged to dollar keep migrant workers’ families afloat

While the strong dollar has played in favor of Gulf migrant workers, they are not exempt from wage increases falling behind the inflation rate.
An Indian customer (L) at a foreign exchange outlet changes Indian rupees in Bangalore on August 24, 2013.
An Indian customer (L) at a foreign exchange outlet changes Indian rupees in Bangalore on Aug. 24, 2013. - Manjunath Kiran/AFP via Getty Images
SebastianCastelier.jpg
Sebastian Castelier
@SCastelier

The impact of a strengthened dollar is being directly felt by Gulf migrant workers with currencies in their home countries being weakened against the greenback.

Across Asia and Africa, boosted remittances helped migrant workers buy homes and paid for school fees and living expenses to contain the impact of inflation.

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