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Gulf experts discuss establishment of monetary union , single currency
ABU DHABI, June 15 (NNN-KUNA) -- Gulf experts on Monetary affairs discussed here Wednesday the implementation of a program designed to establish the monetary union and a single currency for six Arab Gulf states.
The experts, forming what is known as the Gulf Cooperation Council's (GCC) technical committee of the monetary union, discussed unification of statistics related to the monetary union and how the six GCC states could bring their economic performances closer.
A press release said the two-day meeting touched on studying characteristics of the single currency, its categories and designs.
A timetable to implement the national accounting system at the GCC level was discussed by the experts, said the release, in addition to the unification of the Gross Domestic Product (GDP).



