Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

REGIONAL

Launch Of GCC Single Currency On Track

The launch of the GCC single currency, which had been delayed following the withdrawal of the UAE and Oman, is on track, the Governor of the Saudi Arabian Monetary Agency (SAMA), Muhammad alJasir, told reporters on 16 September. The governor added that economic conditions in the Gulf are excellent for forming a monetary union. There is, however, skepticism among economists, since the Gulf...