Gulf countries design unified currency

Kovac, Matt
March 2007
ICIS Chemical Business;3/26/2007, Vol. 2 Issue 59, p14
Trade Publication
The article presents an interview with Rasheed al-Maraj, governor of Bahrain's central bank, about a plan to unify the currencies of Arab Gulf States by 2010. Al-Maraj said meeting the deadline would require a speedy decision-making process. However, Oman has announced that it will not be part of the initial start-up in three years. The central bank of Saudi Arabia said the deadline was tight and Bahraini Crown Prince Shaikh Salman bin Hamad al-Khalifa expressed doubts over meeting it.


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