Tuesday, December 15, 2009

New Currency on the Horizon for the Gulf

The Dubai concerns and continued global economic fluctuations are resulting in pushing forward the single Gulf Cooperative Council's (GCC) plans for a single currency among the 6 Gulf nations of Saudi Arabia, UAE, Qatar, Kuwait, Bahrain and Oman.  Read details here.

Interesting to note from the manufacturer and buyers of consumer goods perspective is the fact that the single currency has not been pegged yet.  Dollar? Euro? Gold? Basket?

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