Al-Suwaidi on the extended importance of the euro

In the speech 'The extended importance of the euro' given on 17 November Sultan Bin Nasser Al-Suwaidi of the Central Bank of the United Arab Emirates said the Euro will definitely grow to dominate trade outside the Euro Area.

"The Euro Area will harmonize further its labor, tax and financial services laws, i.e. will become more competitive in attracting investments, which will help the Euro to become the currency of international investments.

"I expect the Euro to become the currency of

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