GCC says no plan for a common central bank

A report quoting the governor of the central bank of the UAE said the Gulf states do not intend to have a common central bank, but are going ahead with the monetary union project.

Sultan bin Naser Al Suweidi, in a Gulf News report, said the GCC is currently involved in discussions on the timetable of the monetary project but have yet to agree on the name of the joint currency.

The monetary union project is progressing and will be achieved on time, he said. Alignment of monetary systems and an

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.