To jittery Western financiers, the huge cash surpluses built up by the Arab oil-producing nations look like a Khan-jar (Arab dagger) poised at the heart of international monetary stability. By shifting their funds from one currency to another, some moneymen fear, the sheiks could precipitate an unending round of monetary crises. Two weeks ago, it appeared for a moment that the Arabs had decided to unleash just such a monetary offensive. When highly exaggerated word that the Economic Council of the Arab League had voted to withdraw the estimated $10 billion that Arab nations have on deposit in U.S....
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