Middle East Economic Survey
VOL. LIII
No 19
10-May-2010
MEES Agenda
GCC Monetary Union Moves Forward, But Momentum Weak
The Gulf Cooperation Council (GCC) monetary union made a significant step forward in March, when the Governor of the Saudi Arabian Monetary Agency (SAMA) Muhammad alJasir and the Governor of the Central Bank of Bahrain, Rashid alMaraj, were elected respectively first chairman and deputy chairman of the GCC Monetary Council (MEES, 5 April). However, the four member countries of...
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