The UAE would consider rejoining the Gulf monetary union “if the terms are different,” the Minister of Foreign Affairs said yesterday, strongly implying that GCC nations would first need to agree to base the future joint central bank in Abu Dhabi.
Sheikh Abdullah bin Zayed’s statement was more explicit than his comments in Latvia the day before, when he simply left the door open to future participation without elaborating on the conditions.
Speaking yesterday in Lithuania, he said: “If the terms are different, we will look positively to that. At the moment the terms are unacceptable for the UAE, and that’s why we decided not to join.”
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