GCC single currency possible by 2015

07 January 2010

Mohamed al-Mazrooei, GCC Assistant Secretary General for Economic Affairs has said that if the Council's member states speed up the process, a single Gulf Arab currency could be launched in 2015, Reuters has reported. Mazrooei's comment is the first from the GCC secretariat that sets a potential new timetable for the single currency's launch after the bloc abandoned an initial 2010 deadline.

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