View of part of the Fujairah Corniche and the Hajar Mountains in the Background

Wednesday, June 11, 2008

Gulf Currency Looks to Miss 2010 Deadline

A Reuters article is critical of the tardiness of the Gulf countries as the much-trumpeted 2010 target for having a common Gulf currency (like the Euro) seems unlikely to be hit.

The article identifies the reasons and discusses the consequences.

Gulf 2010 Currency Deadline Far Out of Reach, Guardian, 11 June 2008.

Here is a 2002 article in the BBC News that was talking about the early plans and 2010 target.

Dr. Geoff Pound

Image: Money, money money.