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Officials deny single Gulf currency launch

Posted on 05 December 2013

The Gulf Monetary Council has dismissed media reports of four GCC countries launching a common currency. The Gulf Monetary Council has denied media reports concerning the finalisation of the launch of a single currency for the Gulf countries.
Earlier this week, media reports claimed that four GCC countries will announce a common currency by the end of this year. The currency would reportedly be pegged to the dollar, the report said without revealing its sources………………………………………..Full Article: Source


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