Gulf single currency should be phased: Kuwait
Gulf states should implement a monetary union and single currency in phases, Kuwait’s central bank governor said in comments published on Sunday, casting further doubt on a 2010 target date.
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Launch of GCC common currency to be delayed
The launch of the Gulf common currency, which was due in 2010, may be delayed, a local Arabic daily reported yesterday quoting a senior official of the GCC Secretariat-General.
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Zimbabwe abandons its currency
The Zimbabwean acting finance minister Patrick Chinamasa has allowed Zimbabweans to conduct business in other currencies, as the local currency continues to inflate at an alarming rate.
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Gulf Arabs to maintain 2010 single currency deadline
Gulf Arab states will maintain their 2010 deadline for a single currency, secretary-general of the Gulf Cooperation Council said after a leaders’ summit on Tuesday.
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