Possible delays seen in GCC single currency

Gulf Arab states are still working to introduce a single currency by 2010 but this deadline has become tight and a delay is possible, Saudi Arabia's central bank governor told Reuters on Sunday 11 March.

Speaking to Reuters, Hamad Saud al-Sayyari also said all options are open on what type of single currency the Gulf Cooperation Council (GCC) will have and possibilities include one with a peg to the dollar or a currency basket.

"We have to review the situation every time we meet. If we have to

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