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28 March 2024

Gulf states set on currency deadline

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By Agencies



Several Gulf Arab countries are determined on meeting the 2010 target for a single currency, the secretary-general of the six-nation Gulf Co-operation Council said on Sunday.

 

"There is determination from a number of countries to complete monetary union by 2010," Abdulrahman Al Attiyah said at a central bank governors' meeting in Qatar's capital, Doha.

 

Some Gulf countries were ready to join by 2010 and others could follow at a later stage, he said, without naming the countries. (Reuters)