Over the past 50 years, the Arabs failed to achieve the desired economic progress due to inactive economic cooperation, thus leading to accumulation of many ineffective decisions and recommendations, which were later placed on the shelves and cabinets of Arabic League’s offices.
Lately, the Arab League, however, decided to study the possibility of setting up an Arab single currency, based on a proposal submitted by the Arab Importers and Exporters Union.
The question arises here on which basis the Arab League has adopted this proposal, which sounds an emotional and inapplicable one rather than an approach based on sound, objective and scientific grounds through which the Arabs can build on in their quest to launch such a single currency.
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