Oman delivers a blow to unified currency scheme

Kovac, Matt
February 2007
ICIS Chemical Business;2/19/2007, Vol. 2 Issue 54, p16
Trade Publication
The article reports on the decision of Oman to back out from the unified currency agreement among the Middle East's Gulf Cooperation Council (GCC) states, which will be implemented in 2010. Oman has now said that it will not take part in any form of Gulf Monetary Union before 2010, but may try to join at some point after the deadline. According to Yousef Hussain Kamal, Qatar's finance minister, it will continue negotiations to ensure that implementation takes place in less than three years.


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