GCC plans economic coordination monetary fund

The Gulf Cooperation Council (GCC) is considering creating a monetary fund to coordinate economic and fiscal policies between member states and ensure the success of the planned monetary union, it was reported on Friday 19 March.

According to the English daily Gulf News on Friday the six member states, which have agreed to set up an EU-style monetary union in 2010, are also expected to issue a common currency called "Gulf dinar" to replace their national currencies, reported the newspaper.

"Cr

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: