Panels studying GCC monetary union criteria

The governor of the Bahrain Monetary Agency said that technical committees in the Gulf countries are currently studying the criteria for monetary and financial convergence and the legislative and institutional frameworks and arrangements for the monetary union.

"They are also reviewing alternative feasible models for monetary union in order to choose the best and most suited from them to the case of the GCC countries and their economies," said the governor of the Bahrain Monetary Agency, Shaik

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