Kovac, Matt
May 2007
ICIS Chemical Business;5/7/2007, Vol. 2 Issue 65, p13
Trade Publication
The article reports on the importance of monetary union among the Gulf Cooperation Council (GCC) states according to the International Monetary Fund (IMF). According to the IMF, a union among GCC states has economic and political advantages. A single currency would attract more foreign direct investment and result in greater cooperation among member states to solve social and economic problems such as unemployment among others. The challenges in establishing the union are cited.


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