Gulf central banks plan single currency reserve

Gulf central banks are creating a reserve to support the single currency that is on track to be launched by 2010, the UAE Central Bank governor has said.

But although technical issues have been resolved, the six Gulf states have not yet resolved political issues, he said.

'In order to support the unified Gulf currency, the central banks are creating a Monetary Authority Reserve. The reserve is going to be equivalent to four months of imports of each GCC country,' Sultan Bin Nasser Al Suwaidi, UAE

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.