Saturday 6 June 2009

GCC single currency knocked back 3 years

Plans by Gulf Arab states to launch a single currency could be delayed by three years to 2013, a Saudi newspaper reported on Saturday, quoting an unidentified senior Gulf source.

"It is impossible for the (single) currency to be launched within six months." al-Hayat newspaper quoted the official as saying.

"I expect the new deadline to be 2013," the official said.

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