Dinar News March 30 meeting to discuss GCC single currency

[mortypop]

http://gulfnews.com/business/economy/launch-timetable-for-gcc-single-currency-on-march-30-1.602605

Kuwait City: A timetable for when a single Gulf currency will be launched as well as a decision on which currency, or basket of currencies it will be pegged to, will be made at a meeting in Riyadh on March 30, Kuwait's central bank governor said Wednesday.

At the March 30 meeting "plans will be designed and a time frame finalised for the financial infrastructure required to launch a single currency and for the [establishment] of the Gulf central bank," Shaikh Salem Abdul Aziz Al Sabah told reporters at a press conference.

When asked if the Gulf single currency could be pegged to the US dollar, Al Sabah said "I don't know."

Saudi Arabia's central bank governor said in March 2009 that the single currency could initially be pegged to the dollar and then allowed to float.

[HINK]

Interesting

[abonnie]

Thanks for this find mortypop