Gulf asks ECB to study benefits of GCC currency

OMAN - Gulf Cooperation Council (GCC) countries have entrusted the European Central Bank (ECB) to conduct a study on the modalities to be followed while integrating the economies of member countries and to switch over to a common currency, said the Central Bank of Oman (CBO) Executive President Hamud Sangur al-Zadjali.

Europe's apex bank has accepted the request, he said, adding that it would take three to six months to complete the study. "The GCC countries can benefit from the experience of