Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

Gulf Single Currency Needs Political Vision, Says Report

Following the launch of their customs union in January 2003 (MEES, 6 January 2003), the Gulf economies of the GCC are now proceeding along the path to currency union, which is expected to result in the adoption of the Gulf (or Khaliji) Dinar in 2010. The proposed union represents a rare opportunity for economic integration in the Arab world, which is notoriously divided when it...