Why Oman pulled out of the single currency

According to this article from Gulf News, published Sunday 21 January, unique economic challenges mean that recent talk that the GCC monetary union is not necessarily possible could be right.

"Only last week, Sultan Bin Nasser Al Suwaidi, governor, Central Bank of the UAE, hinted that a decision about the dollar link could be made in the next few weeks," it says.

"However, Omani officials feel at comfort in maintaining their currency's peg to the greenback. The practice gives investors the

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