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Islamic Finance Briefing - Categorized | Finance, Market Moves more

GCC urged to set deadline for single currency

Posted on 14 September 2010

From Emirates247.com: Four Gulf countries locked in plans to set up the Middle East’s first monetary union should set a deadline for the launch of their single currency, a Saudi parliament member was quoted as saying on Monday.
Saudi Arabia, Kuwait, Qatar and Bahrain, members of the six-nation Gulf Co-operation Council (GCC), also need to learn from the recent euro crisis but must not wait until the crisis is over, said Ihsan bu Hlaiga, Saudi Shura (appointed parliament) member and a well-known Gulf economist……………………………………….Full Article: Source

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