Central Banking

GCC governors back regional CB plans

Central bank governors in the gulf have taken a significant step towards monetary union, backing the creation of a regional central bank.

Governors from five of the six Gulf Cooperation Council (GCC) member states on Monday approved proposals that could see a regional monetary authority set up at some point before 2010.

Naser al-Kaud, the deputy assistant secretary-general, told Reuters, a news agency, that governors from Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates had al

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: