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GCC single currency may not materialise, says Saudi firm

Posted on 22 February 2010

From Business24-7.ae: Four Gulf nations embarking on the world’s second major monetary union may fail to produce a common currency despite final approval of the project by their heads of state, a key Saudi investment firm said yesterday.

Riyadh-based consultancy company Jadwa Investments said it remained doubtful that Saudi Arabia, Kuwait, Qatar and Bahrain would attain the monetary project although they are scheduled to meet in March to create the Gulf Monetary Authority, which will pave the way for a GCC Central Bank……………………Full Article: Source

 
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