June 2007
ICIS Chemical Business;6/18/2007, Vol. 2 Issue 71, p5
Trade Publication
The article reports on the decision of some Gulf Cooperation Council (GCC) member states to drop out from plans to create a unified currency. The plan has dealt a further blow by the United Arab Emirates (UAE). The six Arab oil-producing nations making up the GCC had all pegged their currencies to the U.S. dollar to prepare for a single currency in around three years. But the timetable has been put in doubt after Oman ruled itself out of meeting the first deadline followed by Kuwait.


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