Single Gulf Currency: Closer to reality 27/12/2012 By Shuja al-Baqmi- Quote:
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Riyadh, Asharq Al-Awsat – The draft Gulf Cooperation Council [GCC] single currency project – which represents the most controversial and contentious issue being discussed by the GCC – has now entered a historic phase in terms of implementation, according to reports. This comes after the GCC's 33rd summit called for initiatives with announced deadlines to be put forward to transition towards a state of greater financial and economic integration between GCC states.
The lack of resolution regarding the single Gulf currency is one of the leading obstacles to GCC economic integration. As a result, GCC states are likely to step up their meetings over the forthcoming months with the objective of reaching an agreement to resolve the single currency issue. To read more > http://www.asharq-e.com/news.asp?section=6&id=32324
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