Reports on single Gulf currency launch ‘false’ | GulfNews.com:
"The Gulf Monetary Council has dismissed media reports that it had set a date for the launch of a single currency for Arab Gulf countries.
“The Monetary Council affirms that the reports by some newspapers and websites over the date of the issuing of the single Gulf currency are completely false, not based on accurate information or reliable sources,” the council said in a statement, carried by the Kuwait News Agency (Kuna).
The Monetary Council is mandated with placing regulations for the establishment of the Gulf Central Bank and completing the establishment of the Monetary Union.
Media reports this week said that four of the six Gulf Cooperation Council (GCC) countries would announce the introduction of a common currency by the end of December."
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