The Gulf states study means of uniting their currency

The first meeting of the technical committee in charge of studying the necessary requirements to implement article 22 of the common economic agreement of the Gulf Cooperation Council GCC member states on uniting the currency under the chairmanship of the governor of the Bahrain Monetary foundation Sheikh Ahmad Bin Muhammad al-Khaleifa.

The foundation of the committee came according to the joint meeting of the financial and economic cooperation committee and the committee of the two governors of the monetary foundations and the central banks in the GCC member states which was held in Bahrain on May 11.

He governor indicated that the meeting will discuss several papers proposed by the council's general secretariat and other GCC member states on basic requirements of the monetary union.