As the second largest Gulf economy, the UAE is a basic element in the GCC Monetary Union and Single Currency, the GCC chief affirmed today.
''The Gulf Monetary Union will not come to life without the UAE,'' Secretary-General of GCC Abdul Rahaman bin Hamad Attiyah said on the sideline a seminar on 'Gulf Common Market: From Cooperation to Integration', hosted by the Ministry of Finance in Dubai.
Al Attiyah hoped the UAE would reconsider its position on joining the Gulf Monetary Union.
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