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Gulf monetary union 'in early stages'A Gulf monetary union is still in its early stages and the launch of a common currency will take time, Saudi Arabia's central bank governor said in remarks published on Saturday. 'The Gulf monetary union project is huge and we are More… |
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Gulf monetary union 'on track'A top GCC official has said he was confident the four Gulf countries would have a monetary council - a step towards a single currency - in place by January. Finance ministers and central bank governors from six GCC nations are meeting here More… |
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UAE president committed to Gulf FX unionUnited Arab Emirates president Sheikh Khalifa bin Zayed Al-Nahayan said the Gulf Arab oil producer was eager to push ahead with a regional monetary union plan, newspapers reported on Monday. 'We in the Emirates have no reservations in More… |
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Dollar peg rethink must for FX union: DIFCGulf states should consider dropping their pegs to the US dollar to have more tools to control inflation and achieve single currency criteria, a key report said. Targetting inflation should be the top priority of the Gulf central bank to b More… |
