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Call for Gulf currency union date review

Posted on 13 March 2009

From Gulfnews.com: Gulf Arab oil producers have to revisit their 2010 target for monetary union, Bahrain’s central bank governor said yesterday, as states across the region focus on tackling the fallout from the global financial crisis.

Bahrain is one of five states, along with Saudi Arabia, the United Arab Emirates, Kuwait and Qatar, that is working towards launching a single currency by a 2010 target date set in 2001. Economists and some policymakers have said meeting that deadline - which initially envisioned issuing notes and coins by January 1, 2010 - is virtually impossible….. Full Article: Source

 
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