Middle East Economic Survey

VOL. LII

No 16

20-Apr-2009

REGIONAL

GCC Single Currency Will Be Delayed, Says Jadwa

Recent comments by GCC officials and regional central bank governors indicate that the plan to introduce a single currency for the region in 2010 will be delayed, Jadwa Investment says in its April Monthly Bulletin. There has not been sufficient progress in putting the institutional arrangements in place for a functioning single currency to be launched next year, Jadwa Chief Economist...