VOL. XXX
NO. 20
23-FEBRUARY-1987
Financial and Banking News
REGIONAL BANKING
GCC Currency Alignment Takes a Further Step Forward
A committee of GCC monetary experts met in Kuwait on 10-14 February andagreed on the nuts and bolts of the GCC monetary system which was approved inprinciple last month (MEES, 2 February). According to a statement by Kuwait'sCentral Bank Governor, Shaikh Salem 'Abd al-'Aziz al-Sabah, the monetary systemenvisages the creation of a GCC fund which would be equally subscribed...
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