GCC central bank & monetary union - How realistic?

ARTICLE - The year is 2010. A young Harvard-educated Saudi, Khalid Al-Ibrahim, has just been named the first president of the new Gulf Central Bank (GCB). He is assisted by a board of directors comprising five other members, mostly former central bankers from the individual Gulf Cooperation Council (GCC) states.

First published by Arab News, 30 September

Monetary union between the six member states (Saudi Arabia, Kuwait, the UAE, Qatar, Oman and Bahrain); a unified Gulf banking law, and a single

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