GCC to pick home for regional central bank

Gulf states involved in plans to create a regional central banking hub are to choose a location for the institution next week.

Naser Al-Kaud, the deputy assistant secretary general at the Gulf Cooperation Council (GCC), told Gulf Daily News, a Bahrain newspaper, that central bank governors from five of the six GCC members would pick a location for a regional central bank when they meet on 15 September in Jeddah, Saudi Arabia.

Al-Kaud said the governors could also speed up the process - the

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