From Dailystar.com.lb: Gulf Arab oil producers need a strong single currency, and are watching the euro zone’s troubles, but their goal is still a long way off, Bahrain’s Finance Minister Sheikh Ahmad bin Mohammad al-Khalifa said.
Central bankers from Saudi Arabia, Kuwait, Qatar and Bahrain launched a forerunner for a joint central bank in March but they did not give a target date for setting up the single currency……………………………………….Full Article: Source