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GCC: Why a single currency would attract investors

Posted on 25 November 2011

The GCC should accelerate its efforts to introduce a single currency. Sceptics may draw parallels to what is happening to the euro, which may further delay the process, especially in a region where implementation of almost anything has never been on time.

People need to realise that Gulf countries are different from the euro zone ones. In addition to commonalities in religious, cultural and social preferences, the $1 trillion bloc has a common denominator driving its individual economies………………………………………Full Article: Source


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