Central Banking

ECB meet signals Gulf’s common currency intent despite euro woes

The eurozone sovereign debt crisis has thrown into stark relief the perils of creating a common currency among member states with different agendas. Yet, despite Europe's woes, Gulf officials appear undeterred in their bid to establish a single currency and will meet with top European Central Bank (ECB) officials next week to hear how best to establish a monetary union.

Muhammad Al-Jaser, Sheikh Salem AbdulAziz Al-Sabah, Abdullah Saud Al-Thani - the governors of the Saudi Arabian Monetary Agency

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