Review possible on GCC union deadline

Saudi Arabia's finance minister said Tuesday 19 December in an interview with Reuters the GCC states may have to review the 2010 target date for introducing the single currency after Oman's decision to miss the deadline.

"All options are open, including the 2010 target," Ibrahim al-Assaf said in the interview in Riyadh.

Oman had said earlier this month that it was pulling out of the January 1, 2010, deadline because of delays in GCC-wide measures such as implementing a customs union agreement.

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