IMF to help with GCC monetary union plan

The International Monetary Fund has offered help to GCC countries to proceed with their monetary union plan and has proposed the creation of a body similar to the European Union's Eurostat office to support the project.

In a recent statement on the GCC's historic agreement to achieve monetary union by 2010, the Washington-based IMF said it was optimistic about the success of the project. However, the fund also warned that a monetary union is not an easy task to achieve and underlined the need

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