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Keyword: monetaryunion

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  • Single currency plans still on track despite Omani and Saudi concerns

    01/02/2007 7:37:39 PM PST · by hedgetrimmer · 10 replies · 433+ views
    Gulf News ^ | 22/12/2006 | Staff Report
    Ras Al Khaimah: UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi said yesterday that the first step towards a GCC single currency will be implemented by the current deadline of 2010. He was on the sidelines of the fourth annual conference of the National Anti-Money Laundering Committee (NAMLC) being held at Hotel Al Hamra Fort in Ras Al Khaimah. Recently, Oman has said recently that it would not abide by the deadline and Saudi Arabia's finance minister claimed GCC states may have to review the 2010 target date for introducing a single currency. When asked if Oman would be...