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GCC to discuss currency peg to basket: Kuwait

Posted on 18 November 2009

From Tradearabia.com: Gulf countries will discuss an option to peg their planned single currency to a basket, Kuwait Foreign Minister Sheikh Mohammad Al-Salem Al-Sabah said on Tuesday.

“It is not necessary for the GCC currency to be linked to a certain currency. It could be one currency or a basket of currencies. And this will be discussed among the Gulf countries,” Sheikh Mohammad told parliament…………Full Article: Source

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