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GCC single currency: monetary independence first

Posted on 27 October 2008

From Khaleej Times: A single currency for the Gulf Cooperation Council emerged as one of the highlights of the discussions held between the finance ministers of the member states in Riyadh on the weekend.

Some ministers pointed out that the current global financial crisis has in fact strengthened the case of a single currency to be managed by a single central bank through a unified monetary policy…… Full Article: Source


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