2010 GCC currency union date is 'challenge'

Currency union by 2010 in the Gulf region is a challenge, but could be achieved if the Gulf countries act swiftly, Central Bank of Bahrain governor said in an interview Sunday 18 March.

Rasheed Al Maraj also said his country was not considering changing the dinar's peg to the weakening US dollar, Asharq Al Awsat newspaper reported.

Asked if it was possible to meet the target, Maraj said: "Yes we can achieve the currency in the coming period but all of that is subject to the speed at which decis

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