VOL. XLVI

No 6

10-February-2003

TRADE & COMMERCE

IMF Discussion Paper Positive On GCC Common Currency

The eventual replacement of the GCCs individual currencies by a common regional one is a worthwhile objective, concludes an IMF policy discussion paper published on 27 December 2002 entitled On a common currency for the GCC countries. The paper, which was written by Esteban Jadresic of the IMFs research department, suggests that if a common currency is implemented properly, it will enhance the...