IMF doubts GCC currency union

Kovac, Matt
April 2007
ICIS Chemical Business;4/23/2007, Vol. 2 Issue 63, p12
Trade Publication
The article reports that efforts by Arab States to establish a monetary union by 2010 in the Gulf Cooperation Council (GCC) have been dealt a blow by the International Monetary Fund's (IMF) doubts on the viability of the project. The IMF stated that the use of more uniform monetary instruments was needed, as was the setting up of an institutional framework to improve coordination of monetary policies and customs union.


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