VOL. XXX

NO. 25

30-MARCH-1987

Financial and Banking News

REGIONAL BANKING

Currency Alignment Decision Postponed: Business and InvestmentResolutions Come into Effect

The Finance and Economy Ministers of the six-memberstate Gulf Cooperation Council (GCC) decided at their meeting earlier this monthin Abu Dhabi to refer the question of establishing a GCC currency alignmentsystem back to the Central Bank governors for further study, with new recommendations to be submitted by next July.

An agreement in...