War5oldier

The scenario is like this: boyfriend has unpaid debt (either from loansharks or the bank themselves) however he died from a terminal illness before debt collectors can get to him, but does his death automatically "erase" the unpaid debt he owes as he's gone?

The thing is, they can't pursue him as he's literally dead. The contract he signed prior to death only bares his name (meaning the debt can't be passed down to either his girlfriend or family) as he's the only signatory listed on paper (while his family are not signatories).

Debt collectors or loansharks show up to his residence only finding out from his girlfriend that he passed away (she has his death certificate to prove it), she reiterates that his debt can't be paid the "conventional" way as he's no longer alive to do that.

I mean, due to the war with Iran: will these currencies (mentioned below) lose value because the strait of Hormuz is under threat despite that route being vital for the transportation of crude oil worldwide?

I'm mainly talking about:

• UAE Dirham
• Kuwaiti Dinar
• Bahraini Dinar
• Qatari Riyal
• Saudi Riyal
• Omani Rial

The thing is that, these currencies are known for being stable due to the demand for crude oil (which ensures demand for their currency), strict monetary polcies from central banks & pegged to the USD.

To put into perspective: the Ukrainian Hryvnia has been devalued by 25% following Russia's invasion deeming it a weaker currency than it used to be. The thing is with let's say the Omani Rial, it's pegged to the USD (same with both QAR & AED) while KWD is pegged to an undisclosed currency basket. Oil is the key player as to why GCC currencies are strong.

With the strait of Hormuz under threat as Iran is attempting to obstruct vessels transporting crude oil, would that mean let’s say the Qatari Riyal will lose value? For instance: the Kuwaiti Dinar is a strong currency but with recent events (like fighter jet being shot down by an Iranian drone or Iran themselves attacking US bases situated in Kuwait) will that status change?