18.12.2009 - Could the 'Gulfo' supplant the dollar?

From Managementtoday.co.uk: A new Arab monetary union, modelled on Europe, could give birth to an important new currency. Interesting news from the Gulf, where four oil-rich Arab states have just entered a ‘monetary union pact’; this will lead to the creation of a central bank for the region and a new currency modelled on the Euro – dubbed, with startling originality, the 'Gulfo'......................................Full Article: Source

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